Priority claim by registered society permits enforcement against a member's agricultural produce and supplied inputs before other creditors. Subject to any prior government or landlord claims for land-revenue or rent, a registered society has priority over other creditors to enforce outstanding demands from a member or past member: (a) for supply of seed or manure or loans for their purchase, by enforcing against the crops or agricultural produce within the statutory post-supply period; and (b) for supply of cattle, fodder, implements, machinery, raw materials, or loans for their purchase, by enforcing against those supplied items, items purchased with society funds, or articles manufactured from supplied raw materials.
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Provisions expressly mentioned in the judgment/order text.
Priority claim by registered society permits enforcement against a member's agricultural produce and supplied inputs before other creditors.
Subject to any prior government or landlord claims for land-revenue or rent, a registered society has priority over other creditors to enforce outstanding demands from a member or past member: (a) for supply of seed or manure or loans for their purchase, by enforcing against the crops or agricultural produce within the statutory post-supply period; and (b) for supply of cattle, fodder, implements, machinery, raw materials, or loans for their purchase, by enforcing against those supplied items, items purchased with society funds, or articles manufactured from supplied raw materials.
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