ADARSH GINNING AND PRESSING FACTORY vs STATE OF MAHARASHTRA .

The Supreme Court addressed the validity of Circulars issued under the Maharashtra Co-operative Societies Act, 1960, in light of the Multi-State Co-operative Societies Act, 2002. The Court held that the High Court had not answered whether the State Authority could invoke the 1960 Act for a society registered under the 1984 Act, thus remitting the case back to the High Court for consideration. The Court also directed the Peoples Cooperative Bank to initiate proceedings under the 2002 Act and set timelines for interim relief and hearings, while maintaining the attachment on the appellant's assets until further orders.