PATIALA CTL.COOP.BANK LTD. vs PATIALA CTL. COOP BANK EMP.UNION

The Supreme Court upheld the validity of Section 84-B of the Punjab Cooperative Societies Act, 1961, stating that once a settlement between parties is validly terminated by management, there is no need for the High Court to assess the validity of the section or declare it void. The Court set aside the High Court's judgment that declared Section 84-B void and illegal, affirming the management's actions. The decision reinforces the authority of management in cooperative societies regarding settlement terminations.