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of <h1>Liquidator Empowers Asset Management and Legal Proceedings in Multi-State Cooperative Society Winding Up Under Central Registrar Supervision</h1> The liquidator of a multi-State cooperative society, upon an order for winding up, gains control of the society's assets and is empowered to realize these assets through sale or other means. Under the Central Registrar's supervision, the liquidator can initiate or defend legal proceedings, assess member contributions, investigate claims, and settle debts according to priority. The liquidator may also continue the society's business temporarily, negotiate settlements, and determine the distribution of liquidation costs. After settling claims, any surplus can be disposed of as prescribed. Upon completion, the liquidator reports to the Central Registrar and deposits the society's records.
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