Non-issuance of notice u/s 126
shrenik kumar sancheti
(Querist) 29 July 2014
This query is : Resolved
Dear Experts,
In the year 1976 we (from Rajasthan) came to made agreement for dealing of dairy products,with a company situated in andhrapradesh,regd. under companies act and as per agreement we made a security deposit(Bank FDR) from our bank account in the name of that company. In the year 1981 that company changed into a co-op. society and regd under Andhra pradesh co-op. societies act. Note- we were not given any formal information about that change. But we made agreement with that and made security deposit without knowing the fact of change. After some time , disputes arised and the co-op. society forfieted our security deposit. We filed a suit without issuing of notice to registrar u/s 126 of Andhra pradesh co-op. societies act. Proceedings went on and at every step or every court everything was decided in our favour but just non-issuance of notice u/s126 we are being deprived of our security money. kindly guide me if we could get some relief and could receive back our FDR (security deposit). If you prefer, I could attach the whole case file.
ROHIT SHARMA
(Expert) 29 July 2014
1. Write a letter to the Bank as not to en-cash the F.D, till the final disposal if the issue initiated before the Registrar of Societies. Forfeiting of F.D. is unlawful and sometime in future the F.D. issue will be resolved.
shrenik kumar sancheti
(Querist) 29 July 2014
Letter to bank had been already written , and the Bank had also been made party in the whole case. Kindly let me know that what procedure/legal citations/ legal points we should adopt for releasing our FDR.
shrenik kumar sancheti
(Querist) 29 July 2014
This forum is made to discuss the legal issues so that one could get help on various legal topics. thanks.
V R SHROFF
(Expert) 29 July 2014
THEN, WHY DO YOU MISREPRESENT US AND FOOLING US SAYING YOU ARE A "MANAGER"
SAY YOU ARE ADVOCATE AND NEED GUIDANCE...
shrenik kumar sancheti
(Querist) 29 July 2014
Dear sir,
I am waiting for some better advice and guidance.
thanks.
M V Gupta
(Expert) 30 July 2014
It is not clear from the narration whether a fresh agreement with the Society after the alleged conversion was made and fresh FDR was created. At any rate, pl extract Section 126 and any other relevant provisions of AP Coop Societies Act to enable a proper advice.
