1998 (3) TMI 688 - SC - Indian Laws

Summary

The Supreme Court dismissed the appeal against the Bombay High Court judgment, ruling that the hire-purchase agreement between the cooperative society and the respondents was not part of the society's usual business and did not fall under Section 91 of the Maharashtra Cooperative Societies Act, 1960. The dispute did not meet the criteria of Sections 43, 44, or 45 of the Act, and no prescribed restrictions applied. Therefore, the appeal was dismissed without costs.