Case Law Analysis
|Bombay High Court
Section 27(10) MCS Act | Voting Rights Disqualified Based on Default Status on Eligibility Cut-off Date, Not Subsequent Payment : Bombay HC (Aurangabad Bench)
The Bombay High Court has ruled that a cooperative society loses its voting rights in bank elections if it was in default on the statutory eligibility cut-off date, even if dues are paid afterward. This clarifies that statutory disqualification under Section 27(10) is locked in at the time of nomination, not remedied retroactively - impacting how societies manage financial compliance ahead of elections.