Adarsh credit cooperative society latest news 2023

TNN / Dec 23, 2022, 08:25 (IST) The Jaipur Rajasthan High Court has asked the Central Government to dispose of the representations regarding refund in the case of depositors of Adarsh Credit Cooperative Society within six weeks. The order was issued by Justice MM Shrivastav while disposing of a petition filed by Kalpana Mehta and 31 others representing the petitioners, Senior Advocate Mahendra Shah and Advocate Pragya Seth. The petitioners have stated that they have invested all their savings in Adarsh Credit Cooperative Society, but the deposited amounts and interest were not returned to them even after the expiry of the stipulated period. TNN / May 12, 2023, 08:20 (IST) Adarsh Credit Co-operative Society director Rahul Modi and others who allegedly duped more than Rs 15,000 crore in the name of investments from 20 lakh investors by opening hundreds of branches in 28 states filed a petition in Rajasthan High Court seeking default bail. TNN / May 08, 2022, 03:45 (IST) Chief Minister Ashok Gehlot appealed to the people of the state not to fall prey to the temptation of multi-state credit co-operative societies promising lucrative returns. He asked people to invest carefully after examining the credit worthiness of the co-operative societies. TNN / Apr 06, 2022, 03:55 (IST) Minister for co-operatives I Periyasamy has warned cooperative department staff and salespersons at public distribution system (PDS) outlets of stringent departmental and disciplinary action if they are f...

New Delhi, Dec 22 (PTI) Various irregularities have been reported in the functioning of Ahmedabad-based Adarsh Credit Cooperative Society and a liquidator has been appointed for winding up of the Society, Cooperation Minister Amit Shah on Wednesday informed Parliament. In his written reply to a query to the Rajya Sabha, Shah said various irregularities including embezzlement, siphoning and diversion of funds have been reported by multiple law enforcing agencies in the functioning of Adarsh Credit Cooperative Society Ltd. "Accordingly, a liquidator has been appointed for winding up of the Society," he said. Shah further said complaints have been received for the non-repayment of funds against some of the multi-state credit cooperative societies. In the case of delinquent societies, action for winding up of 44 multi-state credit cooperative societies has been taken so far under Section 86 of the Multi State Cooperative Societies (MSCS) Act, 2002, he added. PTI LUX HRS hrs

The Enforcement directorate has attached assets of more than Rs. 60 crores with a Maharashtra-based cooperative society's chairman, Gilbert Baptist under anti-money laundering laws. This was done as part of an alleged investment scam worth around INR200 crore. The chair is accused of appointing a number of "dummy" directors in the society, and of creating properties in his own name, as well as those of family members. 09 Jun, 2023, 02:51 PM IST More than 9,400 Jan Aushadhi Kendras have been opened across the country till now. About 1,800 types of medicines and 285 other medical devices are available in these Kendras. Medicines at these Kendras are available at a 50 to 90 per cent lesser rate in comparison to the branded medicines. 06 Jun, 2023, 10:24 PM IST The scheme will utilise funds already allocated for other schemes, Thakur said. Under this scheme, a godown of a capacity of 2000 tonnes will be constructed in every block, or district subdivision. An inter-ministerial committee will be formed for this. The initiative will help reduce damage of foodgrains due to a lack of storage, check distress sales by farmers, reduce import dependence, and create employment opportunities in rural India, the minister said. 01 Jun, 2023, 11:15 AM IST "As far as credit societies, urban banks and district cooperative banks are concerned, a lot needs to be done. We had a series of meetings with the Reserve Bank of India and I can say on the issues that were brought to me here on this plat...

Though, the office of central registrar of cooperative societies has extended the term of liquidator appointed in the beleaguered cooperative- Rajasthan based Adarsh Credit Cooperative Society, still the investors of the society are going from pillar to post to get their money back. Firstly, the Central Registrar of Cooperative Societies had appointed liquidator H S Patel on 29th November 2019 and now the extension has been given for a further period of twelve months from 29 November, 2020. The order released from the office of central registrar which is signed by Alok Agarwal, Director (Cooperation) reads, “The completion of liquidation work of Adarsh Credit Cooperative Society, Ahmedabad, Gujarat will require more time and it has been deemed expedient to extend the term of liquidator for a period of twelve months from November 29, 2020”. “Therefore, in continuation of this Department’s order dated 29.11.2019, the term of the liquidator of Adarsh Credit Cooperative Society Limited, Ahmedabad, Gujarat is hereby extended up to 28th November 2021. The liquidator is requested to complete the liquidation work within the given period. The order is issued with the approval of the Central Registrar of Cooperative Societies”, it further reads. Social media is filled with tweets of gullible investors who are asking the central government especially Prime Minister Narendra Modi to intervene in the matter and help lakhs of helpless investors in getting their money back. Earlier, Talk...