40 multi-state cooperative credit societies under winding up process

Minister of Cooperation Amit Shah. (File Photo/Twitter-@DrPramodPSawant)

New Delhi: There are 40 Multi-State Cooperative Credit Societies in the country against whom the winding-up process under Section 86 of the Multi-State Cooperative Societies (MSCS) Act, 2002 is taken and a Liquidator has been appointed.

Minister of Cooperation Amit Shah informed this in a written reply to a question in the Rajya Sabha on February 2, 2022.  

“In most of these societies, liquidation process is hampered due to non-availability of records, closure of society office, absconding promoters or being in jail, besides others. An amount of Rs. 96.23 crore has been refunded to 43,940 depositors,” Shah said.

List of multi-State credit cooperative societies against whom action for winding up under Section 86 of the MSCS Act, 2002 has been taken and Liquidator has been appointed

Sl.No.Name of the SocietyState
1.Silver Finance & Credit Cooperative Society Ltd., U.T. of ChandigarhChandigarh
2.Adarsh Credit Cooperative Society Ltd., Ahmedabad, GujaratGujarat
3.The Pfizer Employees Co-operative Credit Society Limited, Mumbai, MaharashtraMaharashtra
4.BhandaraLaxmi  Multi  State  Credit  Co-operative  Society  Limited,  Bhandara,Maharashtra
 Maharashtra 
5.Shri Mahalaxmi Multi State Coop. Credit Society Ltd., Mumbai, MaharashtraMaharashtra
6.Shree Dhokeshwar Multi State Urban Cooperative Credit Society Ltd., Ahmednagar,Maharashtra
 Maharashtra 
7.ShubhKalyan Multi State Cooperative Credit Society ltd., Osmanabad, MaharashtraMaharashtra
8.Kolpe-Patil Multi State Cooperative Credit Society Ltd., Pune, MaharashtraMaharashtra
9.Shrinath  Multi  State  Urban  Cooperative  Credit  Society  Ltd.,  Ahmednagar,Maharashtra
 Maharashtra 
10.Aditya Aarthik Niyojan  Multi  State  Cooperatrive  Credit  Society  Ltd.,  Pune,Maharashtra
 Maharashtra 
11.Bhaichand Hirachand Raisoni Multi State Cooperative Credit Society Ltd., Jalgaon,Maharashtra
 Maharashtra 
12.Success Valley Credit Cooperative Society Ltd., Shakarpur, DelhiNew Delhi
13.Jyoti Credit & Savings Swablambi Sahakari Samiti Ltd., Mathura Road, New DelhiNew Delhi
14.HBN Credit Cooperative Society Ltd., PashimVihar, New DelhiNew Delhi
15.Crown Credit Cooperative Society Ltd., Dwarka, DelhiNew Delhi
16.Arthatatwa Multi State Credit Coop. Society Ltd., Bhubaneswar, OdishaOdisha
17.Swastik India Multi State Credit Cooperative Society ltd., Bhubaneswar, OdishaOdisha
18.Mideast Multi State Credit Cooperative Society Ltd., Bhubaneswar, OdishaOdisha
19.Utkal Multi State Credit Cooperative Society Ltd., Bhubaneshwar, OdishaOdisha
20.Sai Kishore Multi State Credit Cooperative Society Ltd., Bhubaneswar, OdishaOdisha
21.Rajiv Gandhi Memorial Multi-State Credit Cooperative Society Ltd., Bhubaneswar,Odisha
 Odisha 
22.SLB Multistate Credit Cooperative Society Ltd., Bhubaneshwar, OdishaOdisha
23.Vista Credit Cooperative Society Ltd., Bhubaneshwar, OdishaOdisha
24.Micro Finance Credit Cooperative Society Ltd., Bhubaneswar, OdishaOdisha
25.Green India Multi State Members Credit Cooperative Society Ltd., Ganjam, OdishaOdisha
26.Bhavishya Credit Cooperative Society Ltd., Udaipur, RajasthanRajasthan
27.Marwar Urban Credit Cooperative Society Ltd., Barmer, RajasthanRajasthan
28.Arbuda Credit Cooperative Society Ltd., Dist. Sirohi, RajasthanRajasthan
29.Power Build Home Credit Cooperative Society Ltd. Jodhpur, RajasthanRajasthan
30.Sundaram Credit Cooperative Society Ltd., Sirohi, RajasthanRajasthan
31.Sanjivani Credit Cooperative Society Ltd., Barmer, RajasthanRajasthan
32.ShriKheteshwar Urban Credit Cooperative Society Ltd., Sirohi, RajasthanRajasthan
33.Bharti Credit Cooperative Society Ltd., Ajmer, RajasthanRajasthan
34.Apeshwar Credit Cooperative Society Ltd., Sirohi, RajasthanRajasthan
35.Argosy Credit Cooperative Society Ltd., Sirohi, RajasthanRajasthan
36.Sahyog Credit Cooperative Society Ltd., Sirohi, RajasthanRajasthan
37.Capital Credit Cooperative Multi State Society Ltd., Firozabad, Uttar PradeshUttar Pradesh
38.Anant-Nidhi Credit Cooperative Society Limited, Lucknow, Uttar PradeshUttar Pradesh
39.Gab Gramya Vikas Credit Cooperative Society Ltd., Lucknow, Uttar PradeshUttar Pradesh
40.Prithvi Credit Cooperative Society Limited, Lucknow, Uttar PradeshUttar Pradesh

(Press Release)

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