Creditors Can Recover Deposits from Co-operative Societies by Invoking Consumer Protection Act: Kerala High Court

The Kerala High Court has clarified that depositors and creditors of a co-operative society or co-operative bank can recover their deposited amounts by invoking the provisions of the Consumer Protection Act, 2019, even though remedies are available under the Kerala Co-operative Societies Act, 1986. The Court held that the remedies under consumer law are additional and cannot be taken away by the provisions of the Co-operative Societies Act. Court's Important…