Defunct Co Operative Bank
Legal definition for Indian law research
Definition
Defunct co-operative bank, means a co-operative bank: (i) which has been prohibited from receiving fresh deposits, or (ii) which has been ordered or directed to be wound up, or (iii) which has transferred all its deposit liabilities in India to any other institution, or (iv) which has ceased to be a Co-operative Bank etc. [Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961), s. 2(ff)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.