DEVI SINGH vs STATE OF HARYANA

The Supreme Court held that under the Haryana Cooperative Societies Act, the President, Secretary, and Cashier of a cooperative society are jointly and individually responsible for unaccounted funds. The Court found that the appellant, as President, could not escape liability for the unaccounted sum of Rs. 65,726.59, as he bore collective responsibility for the society's accounting. The Court confirmed the lower court's decision, emphasizing that the absence of proper accounting constituted misappropriation, despite the appellant's claims of no admission of wrongdoing.