A judgement by the Gauhati High Court set aside the Annual General Meeting of The Guwahati Cooperative Urban Bank Ltd. held on September 18, 2020, along with the resolutions adopted and the approval.
The Assam Cooperative Societies Act,1949 still remains in force in Nagaland, even as changing economic and contextual situations resulted in the passing of the Nagaland Cooperative Society Act, 2017 by the 15th session of the 12th Nagaland Assembly in 201