suresh chandra mittal 10 October 2020
G.L.N. Prasad (Retired employee.) 11 October 2020
In general, the meaning of ADMINISTRATOR who supervises and continues the functioning of any organization as a temporary measure, under exigencies when regular arrangement can not be made due to death, completion of tenure, elections not held, charges against office bearers etc.
The liquidator's duty is to take care of the assets and prepare a list of assets and liabilities with such realizable value so that a report can be prepared for settling some portion of assets to creditors if such debts are more than assets. of society.
P. Venu (Advocate) 11 October 2020
What are the facts? What is the context?
Dr J C Vashista (Advocate) 11 October 2020
Originally posted by : suresh chandra mittal | ||
DIFFERENCE BETWEEN LIQUIDATOR AND ADMINISTRATOR IN RELATION TO AFFAIRS OF COOPERATIVE SOCIETY |
No facts have been posted for consideration and obligation.
What do you intend by giving examination ?
suresh chandra mittal 12 October 2020
21 LAC INVESTORS , 8000 CROR CLAIM AMOUNT SCAM , MULTISTATE COOPERAVE SOCIETY UNDER LIQUIDATION AND WOUND UP , PROMOTORS ARE IN JAIL WRIT PETITION PENDING IN RAJASTHAN HIGH COURT
A multi state cooperative society is windup for violation of rules/ provisions of multistate cooperative society act 2020 and offence under IPC and diversion/ transfer of funds/ deposit received from members, to feck companies of which own family members were directors/ promoters. and liquidator is appointed by order of central registrar cooperatives to settle the claims of depositors by dispose of property of the society . properties are now not with the liquidator and attached by various agencies SFIO, ED , INCOME TAX DEPT and depositors have filed case in high court praying removal of liquidator and appointment of administrator and payment of their money . promoters are sent to jail by govt. in FIR case filed by SOG . there is no specific provision of appointment of administrator in MSCSA 2020
My question is
1. if supposing liquidator is removed and administrator is appointed by the orders of the high court , will it serve the purpose of getting the deposited amount of depositors or the administrator will follow the same procedure as liquidator to dispose of the properties of the society . how administrator will be better than liquidator in this case to give better relief .
2. what is the best way to get the relief and how the depositors / investors ( 21 lac) can get their hard earn money from society ?
3. can court order for regulating the society ?
NEED HELP , CRAVES FOR JUSTICE SIR IT WOULD BE A GREAT HELP IF YOPU CAN GUIDE US
SC MITTAL 9079980761