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Section 65 – The Delhi Co-Operative Societies Act,1972

The Delhi Co-Operative Societies Act,1972

65. Reimbursement to the Deposit Insurance Corporation by the Liquidator.-

Where a co-operative bank being an insured bank within the meaning of the Deposit Insurance Corporation Act,1961, is wound up, or taken into liquidator, and the Deposit Insurance Corporation has become liable to the deposit of the insured bank under sub section (1) of section 16 of that Act, the Deposit Insurance Corporation shall be reimbursed by the liquidator or such other person in the circumstances to the extent and in the manner provided in the section 21 of the Deposit Insurance Corporation Act,1961.

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The Delhi Co-Opearative Societies Act,1972

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