Process for Obtaining 101 Recovery Certificate to be Expedited

The process for obtaining the essential 101 recovery certificate for overdue loan recovery by cooperative credit societies in Maharashtra is set to become faster and more efficient. Mr. Shailesh Kotamire, the Cooperative Commissioner and Registrar of Cooperative Societies, Maharashtra State, Pune, has issued a revised guideline circular dated May 14, 2024, to address this.

The following instructions have been issued to expedite the issuance of the 101 recovery certificate for cooperative credit societies and banks:

1. Error-Free Cases: For cases without any errors, a hearing notice will be issued within three days of filing.

2. Cases with Errors: For cases that contain errors, the deficiencies must be corrected within ten days of filing, after which the hearing notice will be issued.

3. Issuance of Recovery Certificate: Ensure the recovery certificate is issued within three months from the date of the first hearing.

4. Documenting Delays: If the process takes longer than three months, the reasons for the delay must be documented in the order.

5. Monthly Review: District Deputy Registrars should review the recovery certificate cases under their jurisdiction on a monthly basis.

6. Disciplinary Action: If a recovery certificate is not issued within three months without a valid reason, disciplinary action should be proposed against the responsible registrar.

7. Divisional Review: Divisional Joint Registrars should conduct a monthly review of pending recovery certificate cases that extend beyond three months.

8. Inspection Reports: During office inspections, the current status should be recorded in the inspection reports.

9. Review Meetings: District Deputy Registrars should organize review meetings with representatives of urban/rural non-agricultural cooperative credit societies every three months to resolve any issues related to Sections 101, 156, 100-85, upset price determination, and recovery matters.

These revised guidelines are expected to make the recovery process more efficient, transparent, and accountable, thereby assisting cooperative credit societies and banks in timely loan recovery.

Circular: Ref. No. SA-5/101/Revised Guidelines/1422/2024 dated May 14, 2024

Find Circular here

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10 Landmark Judgments That Have Shaped the POCSO Act

The Protection of Children from Sexual Offences Act, 2012 (POCSO Act) is an Indian legislation that defines and penalizes sexual offenses against children. It also provides for the establishment of special courts and child-friendly procedures for the trial of such cases. The POCSO Act was enacted in response to the growing number of cases of child sexual abuse in India and is considered to be a landmark piece of legislation in the fight against child sexual abuse. Here are some of the top 10 landmark judgments in POCSO Act with citation: 1. Jarnail Singh v. State of Haryana (2013) - The Supreme Court held that the POCSO Act is a special law and takes precedence over the Indian Penal Code (IPC) in cases of sexual offences against children. [Citation: Jarnail Singh v. State of Haryana, (2013) 10 SCC 419] 2. State of Karnataka v. Shivanna (2014) - The Supreme Court held that the POCSO Act does not require recording every statement made under Section 164 of the Code of Criminal Proced...

पोलीस अधिकारी/कर्मचाऱ्यांविरुद्ध तक्रार कशी दाखल करावी

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Bombay High Court uplifts developer selection in a prolonged housing society redevelopment dispute

In a landmark judgment, the Bombay High Court has upheld the choice of Shubham Builders as the developer under the redevelopment project of Kanchan Villa Co-operative Housing Society in Malad (West), Mumbai. A division bench headed by Justices B.P. Colabawalla and Somasekhar Sundaresan has pronounced the judgment on the challenge to a notice of motion wherein the court would determine if the selection process followed by the developer had, at all, kept with the letter and spirit of the law, after which it would have ramifications on redevelopments by cooperative housing societies. Background The case lies in the trench of controversy that has been on for long over the selection of Shubham Builders for the redevelopment of the Kanchan Villa Co-operative Housing Society, which was wallowing in litigation for a little more than a decade. Appellants, being members of the society, had, in the meantime, questioned the selection of the developer in the h...

Adv. Chinmay Jawale

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