#cooperative bank

Madhya Pradesh High Court quashes disciplinary order passed by Staff Sub-Committee lacking requisite quorum under cooperative bank rules, emphasizing procedural compliance.

The Kerala High Court has ruled that cooperative banks cannot auction entire mortgaged properties to recover dues - sale officers must determine and sell only the minimum portion sufficient to cover the debt, interest, and expenses, and must first fix a reserve price. This protects borrowers from disproportionate asset loss and enforces statutory safeguards under cooperative law.