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NACOF clears NCDC dues; relief visible among shareholders

In a major development, the agri co-op NACOF, which fashions itself on the lines of NCCF and Nafed has cleared all dues that it owed to the co-op lender NCDC. The ....

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Mehsana Urban Co-op Bank in news; Central Registrar orders Arbitration

Mehsana Urban Co-op Bank in news; Central Registrar orders Arbitration
Chairman & some Directors are alleged to have misappropriated funds
Amidst news of irregularities in one of the leading UCBs of Gujarat, Mehsana Urban Cooperative Bank, the Central Registrar of Cooperative Societies Vivek Aggarwal has appointed Vipal Ganda, Advocate as an Arbitrator to resolve the issues.
Arbitrator Vipal Ganda has been asked to submit his report to the office of the Central Registrar within 90 days. The cases, among others, relate to misappropriation of funds by the Chairman and some of the Directors of Mehsana Urban Cooperative Bank.
A slew of complaints was filed by a few shareholders led by one Kiritbhai Patel against the Bank citing hanky-panky deals and cases of irregularities. The complaints name UCB’s current Chairman Ganpatbhai Patel, CEO Vinod M Patel and some other directors for their involvement in misappropriation of funds. ....

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NACOF asked to pay dues with interest; Registrar waives off penalty

NACOF asked to pay dues with interest; Registrar waives off penalty
indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.

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NACOF asked to pay dues with interest; Registrar waives off penalty

NACOF asked to pay dues with interest; Registrar waives off penalty
Underlining co-op spirit, Central Registrar waives off penal interest
The Central Registrar of Cooperative Societies Vivek Aggarwal has directed NACOF to repay the principal amount along with the interest to NCDC within six months and asked NCDC to waive off the penal interest.
The matter is related to loan default, a case filed by NCDC against the Delhi based National Federation of Farmers’ Procurement, Processing and Retailing Cooperative of India (NACOF) which is currently going on in the court of Central Registrar of Cooperative Registrar, according to the delayed news coming to Indian Cooperative desk. ....

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Fishcopfed: Delhi HC orders status quo; Arbitrator to decide

Fishcopfed: Delhi HC orders status quo; Arbitrator to decide
Central Registrar had suspended voting & had appointed Arbitrator
The Delhi High Court has ordered status quo on a petition filed by the apex body of fisheries cooperatives-Fishcopfed challenging the Central Registrar’s order.
Last week the high court ordered that “Status quo in this regard will be maintained until the Arbitrator decides the interim applications filed by any of the parties. Subject to any orders passed by the Arbitrator in this regard, status quo regarding the process of elections will be maintained. The writ petition is disposed of in the aforesaid terms”. ....

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