Bassein Catholic Co-Op.Bank Ltd. v. Kishor Kuntadi and Ors.
Case brief
What is this about?
The court disposed of a review petition filed by Bassein Catholic Co-op. Bank Ltd. against an ex-parte order condoning delay. The court clarified that condoning delay does not exempt the applicant from complying with the 50% deposit requirement under Section 154(2A) of the Maharashtra Co-operative Societies Act, 1960, leaving compliance issues for the Divisional Joint Registrar to decide.
What did the court decide?
Review Petition disposed of; no costs awarded; further orders on compliance with Section 154(2A) conditions to be determined by Divisional Joint Registrar.