PANCHSHILA INDUSTRIAL CO-OPERA-TIVE SOCIETIES(MULTI UNIT) vs GURGAON CENTRAL CO-OPERATIVE BANKLTD. GURGAON

The Supreme Court held that the Central Registrar of Cooperative Societies was not the appropriate appellate authority for disputes arising under the Punjab Co-operative Societies Act, 1961, as per Section 55, which mandates that disputes between a member and the society must be referred to the Registrar. The Court clarified that the appellant, having become a multi-unit cooperative society under the Multi-Unit Co-operative Societies Act, 1942, was no longer governed by the provisions of the Punjab Act. Consequently, the appeal against the Central Registrar's order was dismissed, affirming the arbitrator's award.