Tuesday, 04 March 2025

 

 

LATEST NEWS Indian Navy's East Coast Motor Car Rally Flags Off from Kolkata to Inspire Youth & Honor Maritime Heritage Droupadi Murmu Inaugurates Visitor’s Conference 2024-25 IAF Capability Enhancement Report Presented to Defence Minister Rajnath Singh National duty of every citizen to contribute to the welfare of soldiers & their families : Rajnath Singh at CSR Conclave Yudh Nashian Virudh: DC urges social, religious, sports organisations to come forward against drug abuse First All India Police Kabaddi Cluster Kicks Off in Jalandhar Randeep Hooda Shares Stunning Wildlife Photos, Advocates Conservation on World Wildlife Day Harjot Singh Bains & Finland Ambassador Launch Teacher Training Program Yudh Nashian Virudh : Big action on illegal property of Drug Smuggler in Bathinda Is Anora Available On OTT? Let’s Explore with 5 Dariya News From Nominees to Winners: The Inside Scoop on the Oscars Academy Awards India and Nepal Sign MoU to Strengthen Cooperation in Water, Sanitation, and Hygiene (WASH) INS Shardul, INS Sujata, and ICGS Veera Arrive in Thailand to Strengthen Maritime Cooperation India and Japan Declare 2025-26 as Year of Science & Technology Exchange Oscar Winning Actress Mikey Madison Net Worth 2025: Unveiling Her Income Sources & Career Highlights Sanjeev Arora Discusses Industrial Concerns with Bhagwant Mann India’s R&D Spending Doubles in a Decade, Driving Innovation in AI, Biotech & Quantum Computing Amit Shah Inaugurates Workshop on Sustainability & Circularity in Dairy Sector Punjab Police Busts Cybercrime Racket: Prime Accused Arrested for Running Fake Mining Department Website Himanshu Jain orders Health Department to promote anti-drug campaign to every village of Distt Rupnagar The LaLiga Showdown: Barcelona Vs Real Madrid

 

Big Relief for Sahara Credit Co-Operative Society

Delhi High Court Stays the Central Registrar’s Orders and proceedings

Web Admin

Web Admin

5 Dariya News

New Delhi , 16 Jan 2021

Delhi High Court, grantingrelief to Sahara Credit Co-Operative Society and Saharayn Universal Multipurpose Society has not only stayed the restricting orders of the Central Registrar of Co-operative Societies against the two societies but has also stayed proceedings pending before the Central Registrar, till next date of hearing. TheHigh Courthas also issued notice to the Central Registrar in this case.A divisional bench of the Chief Justice D.N. Patel and Justice Jyoti Singh has ordered while hearing the petition of the societies challenging the orders passed byCentral Registrar dated 22.07.2020, 24.09.2020and 19.11.2020 restraining the two societies from taking fresh deposits as well as from renewing the investment or deposits of the existing members. Both the Co-operative Societies in their petition to Delhi High Court had submittedthat being Multi-State Co-Operative Societies they are working in the interests of its members in line with its by-laws and rules and regulation as formulated under the Multi State Co-operative Societies Act, 2002 and rules made thereunder.The societies submitted that the Orders passed by the Central Registrar has gravely prejudiced and hampered the business as well as hindered the functioning of the societies and harmed the interests of its Members, who are suffering the most in view of the said orders. The interest of the Societies members were paramount for its Board and the restraining orders by Central registrar are akin to “Civil Death”, for the company which is not in the overall interest of the members of the Society or the purpose of the MSCS Act, 2002. After the hearing appeal High Court issued notice and stayed the operation of the Impugned Orders as well as stayed the proceedings pending before the Central Registrar till the next date of hearing.

 

Tags: Delhi High Court , Sahara Credit Co-Operative Society , Saharayn Universal Multipurpose Society , Sahara

 

 

related news

 

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2025 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD