Multi-State Cooperative Societies Act, 1984
78. Winding up of
cooperative banks at the direction of Reserve Bank.-
Notwithstanding
anything to the contrary contained elsewhere in this Act, the Central Registrar
shall make an order for the winding up of a cooperative bank, if so required by
the Reserve Bank in the circumstances mentioned in section 13D of the Deposit
Insurance and Credit Guarantee Corporation Act, 1961.