Official Gazette Notification Text
Official TranscriptGOVERNMENT OF INDIA MINISTRY OF COOPERATION LOK SABHA UNSTARRED QUESTION NO. 652 TO BE ANSWERED ON 03rd FEBRUARY, 2026 MULTI-STATE COOPERATIVE SOCIETIES #652 SHRI SACHITHANANTHAM R: Will the Minister of COOPERATION (सहकारिता मंत्री) be pleased to state: (a) the details and number of Multi-State Cooperative Societies that have collapsed or defaulted during the last five years; (b) the number of...
GOVERNMENT OF INDIA MINISTRY OF COOPERATION LOK SABHA UNSTARRED QUESTION NO. 652 TO BE ANSWERED ON 03rd FEBRUARY, 2026 MULTI-STATE COOPERATIVE SOCIETIES #652 SHRI SACHITHANANTHAM R:
Will the Minister of COOPERATION (सहकारिता मंत्री) be pleased to state:
(a) the details and number of Multi-State Cooperative Societies that have collapsed or defaulted during the last five years;
(b) the number of depositors affected thereof and the total amount involved; and
(c) the actions taken against the collapses/defaults? ANSWER The Minister of COOPERATION (सहकारिता मंत्री) (SHRI AMIT SHAH)
(a) to (c): Cooperative Societies registered under the provisions of the Multi-State Cooperative Societies (MSCS) Act, 2002 function as autonomous cooperative organisations and are accountable to their members. MSCSs function as per the provisions of Multi-State Cooperative Societies Act, 2002 and Rules framed there under read with approved bye-laws of the Society, which includes the role and powers of the member, Board, General Body of the Society and Central Registrar of Cooperative Societies (CRCS). As per the provisions of
Section 49 of the MSCS Act, 2002, the business matters such as to admit members, to accept the deposits and refund to depositors etc., fall under the powers and functions of the board of the Society and the day to day management of the Society fall under the powers and functions of the Chief Executive of the Society as per the provisions of Section 52 of the MSCS Act,
2002.
In case of irregularities in the functioning of the society including financial embezzlement and default in repayment of deposits to the depositors, winding up orders of the Society under the provisions of section 86 of the MSCS Act, 2002 is passed and a liquidator is appointed under the provisions of Section 89 of the Act, to liquidate the assets of Society and to payment of deposits to depositors under the provision of the MSCS Act, 2002 and Rules framed thereunder.
In the last five years, 56 Multi-State Cooperative Societies were brought under liquidation under the provision of MSCS Act, 2002 and Rules framed thereunder as per annexed details. *****Annexure The list of Multi-State Cooperative Societies, which are under liquidation in the last five years, is as below: - Year of S. No. Name of Society Liquidation
Order Sanjivani Credit Cooperative Society Ltd., Rai Colony Road,
1.
Barmer 344001, Rajasthan 2021 Bharti Credit Cooperative Society Ltd., 1stFloor, Police Line
2.
Choraha, Ajmer-305001, Rajasthan 2021 Skylark Multi-State Cooperative Group Housing Society Ltd., (A-
3.
4/301, Paschim Vihar, New Delhi-110063) 2021 Crown Credit Cooperative Society Ltd., (Office No.203, TSL
4. Plaza, ESI Market, Plot No.9, Sector-6, Dwarka, Behind ICICI Bank, Delhi-110075) 2021 HBN Credit Cooperative Society Ltd., (Business Unit No. 529, 5th
5. Floor, HBN Office, D Mall, Plot D, District Centre, Pashim Vihar, New Delhi 110087) 2021 The Evergreen Agro Multi State Co-operative Society Limited, H-
6.
124, 2nd Floor, Sector-63, Noida-201309, Uttar Pradesh 2021 The Uttar Pradesh Cooperative Construction and Development
7.
Ltd., 22, Gokhle Marg, Greenwood Apartment, Lucknow 2021 Capital Credit Cooperative Multi State Society Ltd., Firozabad,
8.
UP (No. R-11017/118/2015-L&M) 2021 Prithivi Credit Cooperative Society Ltd., 102, Sffair, Court
9. Apartment, 3A Jopling Road, Near Lucknow Public School, Lucknow, U.P. 226 001 (R-11017/25/2017-L&M) 2021 Grahak Bazar Cooperative Society Ltd., (202, G Block, Sai
10. Complex, 2-2-1975/2, Bagh, Amberpet, Hyderabad-500013 Andhra Pradesh) 2021 Lakshya Multipurpose Cooperative Society ltd., (First Floor,
11. Above Khalsa Automobiles, Opp. Hotel Sangam, Near Dr. Bansal Hospital, Tinkoni Chowk, Bathinda-151001, Punjab 2021 Shree Swastik Credit Cooperative Society Limited, Near Sonu
12. Brothers, Main Market, Sumerpur, District Pali, Pin- 306902
(Rajasthan) 2022 Arth Credit Cooperative Society Ltd., Plot No.43, Opposite
13.
Asapura Mandir, Chouqasni Road, Jodhpur, Rajasthan 2022 Navjeevan Credit Cooperative Society Ltd., High School Road,
14.
Barmer, Rajasthan 344001 2022 Samay Credit Cooperative Society Ltd., 129, Near Sethi Nursing
15.
Home, Hanumangarh Town, Rajasthan-335513 2022 Lokhit Bharti Credit Cooperative Society Ltd., DSM No.635, 6th
16. Floor, DLF Tower, Shivaji Marg, Najafgarh Road, New Delhi – 110015 2022Eye Vision India Credit Cooperative Society Ltd, A-112, Gali
17.
No.1, Shakarpur, Delhi 110092 2022 Aadi Credit Cooperative Society Ltd 915, Pearls Omaxe Tower 2,
18.
Netaji Subhash Palace, New Delhi 110034 2022 Kisan Agro-Tech Cooperative Society Ltd., 604-A, Pearls
19. Business Park, Netaji Subhash Place, Pitampura, New Delhi- 110034 2022 Malaika Multi State Cooperative Credit Society Ltd., Malaika
20. Estate, RajeShivaji Nagar, Sakivihar Road, Pawai, Mumbai- 400042 2022 Rainbow Multi State Credit Cooperative Society ltd., Balaji
21.
Majestic, Mithu Road, Bank More, Dhanbad, Jharkhand 2022 Rubi Credit Cooperative Society ltd, (Shakun, Narsinghpura
22.
Faisagar Road, Ajmer, Rajasthan -305001) 2023 Khusi Credit Cooperative Society Ltd., Plot No. 17, Opposite O.S.
23. Motors, Near Bombay Motors Circle, Upper Chopasni, Jodhpur, Rajasthan -342001) 2023 Real India Credit Cooperative Society Ltd., Mahalaxmi Colony,
24.
Abu Road, Distt. Sirohi, Rajasthan 2023 Swarn India Multi State Credit Cooperative Society Ltd., 1st Floor,
25.
Aghoria Bazar, Muzaffarpur, Bihar 2023 Chakra Multistate Credit Cooperative Society Ltd., Padmarekha,
26.
134, M.B. Road, P.O. Nimta, Kolkata-700049, West Bengal 2023 Rage Multi State Credit Cooperative Society Ltd., Parial Market,
27. 3rd floor, Near 1 No. Rail Gate, Post Harba Dist. North 24 Parganas, 743263 2023 Sovereign Multipurpose Cooperative Society Ltd, P-164/1, CIT
28. Road, Scheme-7M, Ultadanga, Ground Floor, near ICICI ATM, PS Manicktala, 24 Parganas (North) Kolkata 700054 West Bengal 2023 Universal Multi State Credit Cooperative Society Ltd. 24, Hemata
29. Babu Sarani, Manglam Building, Block – A, 3rd Floor, office No.
304, Kolkata 700001 West Bengal 2023 Misal Multipurpose Cooperative Society Ltd., Godrej Water Side,
30. Tower-2,15th Floor, Office No.1505, 1506, 1507, Plot No.5, Block DP, Salt Lake, Sector-V, Kolkata-700091, West Bengal 2023 Mohan Kripa Credit Cooperative Society Ltd., SKSS BHAROSA,
31. Ground Floor, SKSS Plaza, Main Road, Gandhi Colony, Jaisalmer-345001 2024 Welcome India Credit Cooperative Society Ltd., Opp. Kohinoor
32.
Cinema, Behind Rameshwar Mandir, Jodhpur, Rajasthan 2024 Amardeep Credit Cooperative Society Ltd., 306, Mahaveer
33.
Palace, Opposite Circuit House, Ratanada, Jodhpur, Rajasthan 2024 Wagar Credit Cooperative Society Ltd., IIIrd Floor, Wagar
34.
Complex, Rati Talai, Banswara, Rajasthan 2024 Maharani Multi State Cooperative Credit Society Ltd, 45-46,
35.
Vishnu Nagar, Benad Road, Jaipur, Rajasthan 2024United Multi State Credit Cooperative Society Ltd., C-52, Keshav
36.
Enclave, Janpath, Lalkothi, Jaipur, Rajasthan 2024 Vikas Cooperative Credit Society Ltd., 222, Bhaskar Mohalla,
37.
Pokran, Jaisalmer, Rajasthan 2024 Golden Credit Cooperative Society Ltd., 5, T.M. Colony, Behind
38.
Pradeep Hospital, Bharatpur, Rajasthan-321001 2024 Dryararadha Multi State Cooperative Credit Society Ltd., Rajyog
39.
Pingale Complex, Jalna Road, Beed, Maharashtra-431122 2024 Trinity Multistate Cooperative Credit Society Ltd., Second Floor,
40. Royal Square, Ring Road, Tedi Pulia Chauraha, Lucknow- 226022, Uttar Pradesh 2024 Kamuna Credit Cooperative Society Ltd., B-3, Aarohi Complex,
41.
Sector H, Aliganj, Lucknow-226024 2024 Gramin Kisan Vikas Seva Multipurpose Cooperative Society ltd.,
42. Bhagwati Niwas, 201, New Colony, Near Mandir, Husenabad, Jaunpur, Uttar Pradesh-222001 2024 Dadra Nagar Haveli Sahakari Khand Udyog Mandali, New
43. Marketing Centre, Room No. 16 & 17, Dadra Nagar Haveli, Silvassa 2024 EVOS Multistate Credit Cooperative Society Ltd., Plot No. 780,
44.
Sahid Nagar, Maharsi College Road, Bhubaneswar-751007 2025 CMAX Credit Cooperative Society Ltd., 605-606, Jaina Tower-II,
45.
District Centre Janakpuri, Delhi-110058 2025 Human Welfare Credit & Thrift Cooperative Society Ltd., Office
46.
No. 8, D-5, Laxmi Nagar, New Delhi-110092 2025 Lustiness Janhit Credit Cooperative Society Ltd., 77-B,
47.
Chhatterpur Enclave, Maidan Garhi Road, New Delhi-110074 2025 Bhu-laxmi Multistate Co-operative Group Housing Society Ltd.,
48.
Flat No. 18, Pocket 7, Sector 12, Dwarka, New Delhi-110075 2025 Janshakti Multi-State Multi-Purpose Cooperative Society Ltd.,
49. Rathi Building, Plot No. 231/18A, Veena Enclave, Nangloi, New Delhi-110041 2025 State Bank of India Employee’s (Charles Coutto) Cooperative
50. Society Ltd., Plot (House) No. 380, Behind Punjab National Bank, Near Orange City School, Mohan Nagar, Maharashtra-440001 2025 Shri Sairam Urban Multistate Cooperative Credit Society Ltd.,
51. 193, Malives Parbhane Estate, Subhash Road, Beed, Maharashtra- 431122 2025 Rajasthani Multi State Cooperative Credit Society Ltd., Laxmi
52. Market, Near Dr. Wangikar Hospital, Parli, Vaijnath, District Beed, Maharashtra 2025 Jijau Maa Saheb Multi State Cooperative Credit Society Ltd., In
53. front of Rashtramata Jijau Statue, Central Road, Beed, Maharashtra 2025 Parivartan Urban Multi State Cooperative Credit Society Ltd.,
54. Gundekar Niwas, Gajanan Mandir Road, Majalgaon, Dist. Beed, Maharashtra 2025The Loni Urban Multi State Credit and Thrift Cooperative Society
55. Ltd., Sector-1, 1F-CS-04, 1st Floor, Ansal Plaza, Vaishali, Ghaziabad-201010, Uttar Pradesh 2025 Panchawati Multi State Cooperative Credit Society Ltd., 1168/D,
56. 2nd Floor, Abhimaan Building, 18th “C” Main Road, V-Block, Rajaji Nagar, Bangalore, Karnataka-560010 2025 *****