Powers of liquidator.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dator appointed under section 89 from the date on which the order takes effect and the liquidator shall have power to realise such assets by sale or otherwise. (2) Such liquidator shall also have power, subject to the control of the Central Registrar ( a ) to institute and defend suits and other legal proceedings on behalf of the multi‑State co‑operative society by the name o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e society may permit; and the surplus, if any, remaining after payment of the claims being applied in payment of interest from the date of such order of winding up at a rate fixed by him but not exceeding the contract rate in any case; ( e ) to determine by what persons and in what proportions the costs of the liquidation are to be borne; ( f ) to determine whether any person is a me .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erative society there exists any dispute and to refer any such dispute for decision; ( k ) after consulting the members of the multi‑State co‑operative society, to dispose of the surplus, if any, remaining after paying the claims against the society, in such manner as may be prescribed; ( l ) to compromise all calls or liabilities to calls and debts and liabilities capabl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X