Societies registration act
PRATIK DEBROY
(Querist) 19 September 2014
This query is : Resolved
there is dispute between two faction of members of a self help group which is registered under societies act, 1860. some of the members were declared as strangers due to their non repayment of loans which they availed from the society. As such the Secretary bought a civil suit and the lower court declared them as strangers. Now these members filed an appeal in the district court to declare the decree of the lower court as illegal and without any merit.
this SHG has an account with a PSB bank. as such the secretary has written a letter to the Branch manager to allow the SHG to operate the account. but the respondents informed the Branch manager that they have filed an appeal in the district court and requested not to allow the operation of the accounts until final disposal. in the mean time the secretary has filed a complaint before the Banking Ombudsman. please suggest.
C.V.Kansara
(Expert) 20 September 2014
The matter is sub judic. The decree of the lower court, itself, is challanged before the Dist. Court. Naturally the Bank will wait till decision or direction of appellate court.
Rajendra K Goyal
(Expert) 20 September 2014
Matter is in the court, full case file has to be referred before any advise. Consult your lawyer.