The Supreme Court of India has elucidated the legal principles governing the investment of funds by Multi-State Co-operative Societies (MSCS), specifically interpreting the restrictive expression “any other institution in the same line of business” under Section 64(d) of the Multi-State Co-operative Societies Act, 2002. A Bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan clarified
Supreme Court Clarifies ‘Same Line of Business’ Standard for Co-operative Society Investments Under MSCS Act
