Notwithstanding anything contained in the Provincial Insolvency Act, 1920, the contribution assessed by a liquidator shall rank next to debts due to the Government or to any local authority in order of priority in insolvency proceedings.
SECTION - 61
61. Power of Registrar to cancel registration of a co-operative society.
(1) The Registrar may after considering the report of the liquidator made to him under sub-section (3) of section 59 order the registration of the co-operative society to be cancelled.
(2) An order passed under sub-section (1) shall be communicated by registered post to the president of the society and to the financing institutions, if any, of which the society was a member.
THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 59 8TH FINAL PRINT AS ON 05.10.2006
CHAPTER X EXECUTION OF AWARDS, DECREES, ORDERS AND DECISIONS SECTION - 62
62. Enforcement of charge.
Nothwithstanding anything contained in Chapter VIII or any other law for the time being in force, but without prejudice to any other mode of recovery provided in this Act, the Registrar or any person subordinate to him empowered by the Registrar in this behalf may, on the application of a co-operative society, make an order directing the payment of any debt or outstanding demand due to the society by any member or past or deceased member, by sale of the property or any interest therein, which is subject to a charge under section 31:
Provided that no order shall be made under this section unless the member, past member or the nominee, heir or legal representative of the deceased member, has been served with a notice in the manner prescribed.
SECTION - 63 1[63. Execution of certain decisions, awards and orders :- Every decision, award or order duly passed under section 54, 56, 62, 68 or 69 shall, if not carried out-
(a) on a certificate signed by the Registrar or any person authorised by him in this behalf, be deemed to be a decree of a civil court and shall be executed in the same manner as decree of such court; or
1. Substituted byPunjab Act No. 26 of 1969, section 13 w.e.f. 10th September, 1969 THE PUNJAB COOPERATIVE SOCIETIES ACT, 1961 60 8TH FINAL PRINT AS ON 05.10.2006
(b) be executed by the Registrar or any other person subordinate to him, empowered by the Registrar in this behalf, by the attachment and sale or by sale without attachment of any property of the person or of the co-operative society against whom the order, decision or award has been obtained or passed;or
(c) be executed according to the law for the time being in force for the recovery of arrears of land revenue :
Provided that an application for the recovery of any sum in the last aforesaid manner shall be made to the Collector and shall be accompanied by a certificate signed by the Registrar or any person authorised by him in this behalf.], SECTION - 64