LawgistThe Delhi Co-operative Societies Act
65Reimbursement to the Deposit Insurance Corporation by the liquidator
Where a co-operative bank being an insured bank within the meaning of the Deposit Insurance Corporation Act, 1961 (47 of 1961), is wound up, or taken into liquidation, and the Deposit Insurance Corporation has become liable to the depositors of the insured bank under sub-section (1) of section 16 of that Act, the Deposit Insurance Corporation shall be reimbursed by the liquidator or such other person in the circumstances to the extent and in the manner provided in section 21 of the Deposit Insurance Corporation Act, 1961.
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WINDING UP OF CO-OPERATIVE SOCIETIES
- 63 Winding up of co-operative societies
- 64 Winding up of co-operative banks at the direction of the Reserve Bank
- 65 Reimbursement to the Deposit Insurance Corporation by the liquidator
- 66 Liquidator
- 67 Powers of liquidator
- 68 Priority of contributions assessed by liquidator
- 69 Power of Registrar to cancel registration of a co-operative society
