Case Law Analysis
|Punjab and Haryana High Court
Section 39 Punjab Cooperative Societies Act | Retiral Benefits Protected from Loan Recovery Deductions : Punjab & Haryana HC
The Punjab & Haryana High Court ruled that Section 39 of the Punjab Cooperative Societies Act, 1961, restricts loan recoveries to salary deductions only, shielding retiral benefits like gratuity and leave encashment. The court directed the release of over Rs. 10 lakhs in pending dues to a retired employee, reinforcing natural justice in cooperative society loan recoveries.