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KERALA HIGH COURT
, J
Kakkur Service Co-operative Bank Ltd. v. Joint Registrar of Co-operative Societies (General)
| Table of Content |
|---|
| 1. petitioner society's intent and procedural initiation for property acquisition. (Para 1 , 2) |
| 2. regulatory response to society's application under cooperative rules. (Para 3) |
| 3. court's interpretation of r.54 and supporting case law regarding prior approval. (Para 5 , 6 , 7) |
| 4. court's final ruling and approval of property acquisition. (Para 8) |
1. The petitioner is a Primary Agricultural Credit Society, with 13000 members, having its head office near Kozhikode - Balussery road. The office was functioning in an old building in 9 cents of land. An additional 22 cents of land, which is a hilly area, is also owned by the Society. It is stated that since the building was in a dilapidated condition and required reconstruction, the head office was shifted to a rented building in 2012. Ext.P3 is the Bye - laws of the Society, and it permits the purchase of property for the purpose of business. By Ext.P1 resolution dated 30.9.2019, the General Body of the society decided to construct a new building and, if necessary to purchase sufficient land for the said purpose. The petitioner invited tenders from persons interested in selling property by issuing a notification on 23.10.20
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