JUDGEMENT
N.KANNADASAN, J. -
(1.) The appellant herein is the one of the opposite party and the first
respondent is the complainant and the Respondents 2 to 5 are other
opposite parties before the District Forum.
(2.) The first respondent/complainant has approached the District Forum
alleging deficiency in service as against all the opposite parties
including the Appellant. The District Forum has passed an order holding
all the opposite parties are jointly and severally responsible. From the
records, it is evident that the deficiency can be attributed only as
against the 2nd respondent/1st opposite party namely Viralimalai
Co-operative Agriculture Bank, Viralimalai. It is not in dispute that the
6th Respondent herein has taken over the Bank since the Bank is in
liquidation. In as much as the 6th Respondent namely the Co-operative
Sub-Registrar (Execution/Liquidation), Pudukkottai District Central
Co-operative Bank, Pudukkottai has taken over the assets of the Society,
the only relief that can be granted to the First Respondent/Complainant
is to approach the 6th Respondent namely Co-operative Sub-Registrar
(Execution/Liquidation), Pudukkottai District Central Co-operative Bank,
Pudukkottai.
(3.) A similar stand is taken by this Commission in A.P.688/99 as extracted below:
In view of what is stated above, we close the appeal with a direction
to the appellant/3rd opposite party to dispose of the assets of the
Company and pay the share value on pro-rata basis to all the creditors
including the complainant herein. It is also enjoined by Sec.139 (2)(c)
and (e) that the Liquidator shall, subject to the control of the
Registrar, have the power to investigate all claims against the
Registered Society and subject to the provisions of this Act to decide
questions of priority arising between claimant; and subject to any rules
made in this behalf, to pay claims against the registered society
including interest upto the date of winding-up according to their
respective priorities, if any, in full or rateably, as the assets of the
society may permit; to apply the surplus, if any, remaining after payment
of the claims for the 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. The appeal is thus disposed of on the above terms. There will
no order as to costs.;
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