Embarrassed Abhyankar blames it on legal opinion

Though Mukund Abhyanakar promised to react in detail to the Ministry’s order after talking to his Advocate, it was obvious from the tone and tenor of his speech that he has conceded defeat. Putting everything to his Advocate he said “I acted on the advice of Advocate Mr Ninad Laud”. Explaining further Abhyankar said his […]

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Nafcub’s All-India Conference stands postponed

The much hyped 10th All India Conference of UCBs & Co-op Societies of Nafcub scheduled in the first week of February stands postponed inconveniencing hundreds of delegates who have already booked tickets and made arrangements for their stay in the national capital. Indian Cooperative has received several mails from the affected delegates who have not […]

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Who is he to call meeting: Mehta blasts Abhyankar

Cooperators connected to the NAFCUB say the recent order of self-proclaimed President Mukund Abhyankar to hold a Board meeting on 24th January with a single point agenda is a cleaver move on behalf of the latter. The one-point agenda is restricted to the holding of a successful international conference slated for the first week of […]

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Fight degenerates: Mehta serves notice to Abhyankar

The apex body of urban cooperative banks and credit co-ops NAFCUB has become a hotbed of controversy as the fight between factions has degenerated into a war lacking any norms. The erstwhile President Jyotindra Mehta has strongly condemned the act of occupation of President Office by Mukund Abhyankar on Monday. On Monday Abhyankar went to […]

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NAFCUB: Abhyankar stakes claim, Joins as Prez

Mukund Abhyankar, Group Chairman of Pune headquartered Cosmos Bank staked his claim as President of the apex national body of more than 1700 urban cooperative banks and thousands of credit co-ops in the country Nafcub on Monday at its office in Narayana in Delhi even while the verdict of Delhi High Court was yet to […]

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NAFCUB: Central Registrar orders status-quo

Coming after Arbitration’s verdict concerning NAFCUB going in favour of Cosmos Co-operative Bank’s, Group Chairman, Dr. Mukund Abhyankar, Central Registrar has ruled that the status -quo be maintained. The verdict came on 29th September and on 30th September Central Registrar Ashish Bhutani has ordered that the status of the NAFCUB Board as on 28th September […]

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NAFCUB: Arbitrator reinstates Abhyankar as President

In a major development the Cosmos Co-operative Bank’s, Group Chairman, Dr. Mukund Abhyankar has been reinstated as the President of National Federation of Urban Co-operative Banks and Credit Societies Ltd, NAFCUB, according to a mail sent Mukund Abhyankar to Indian Cooperative. The Arbitrator pronounced his judgment on, Thursday, 29th September 2016, and decreed that it […]

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Nafcub condemns Raje’s amendment: Mehta

The pernicious amendment made to strangulate the urban cooperative banks’ democratic set-up in Rajasthan came in for a lot of sharp criticism at the Nafcub AGM with Jyotindra Mehta its President assuring delegates Nafcub would not be seen lagging behind in standing with them on the issue. Earlier, Mohan Parasar, the Vice Chairman of Rajasthan […]

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NAFCUB vows to set up Umbrella Organization

NAFCUB- the apex body of urban cooperative banks and credit societies held its Annual General Meeting Sunday at the NCUI headquarters in Delhi. Among other things, setting up an Umbrella Organization (UO) for UCBs was a recurrent topic of discussion in the AGM. Jyotindra Mehta the President of apex body was at his best in […]

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NAFCUB: Hearing over; verdict in 10-12 days

The verdict in the case of NAFCUB elections is likely to be pronounced soon as the arguments have ended Tuesday evening. NAFCUB President Jyotindra Mehta who also took part in the proceedings on Tuesday said in another 10-12 days the verdict should come. The two sides presented their arguments for two consecutive dates 29th and […]

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Nafcub: Saxena appointed Arbitrator

The case pertaining to the Nafcub elections which saw the ouster of Mukund Abhyankar and Jyotindra Mehta’s on the scene is going to be heard shortly after the recent appointment of G G Saxena as the new arbitrator. Saxena is a retired IAS officer who earlier served as Transport Commissioner of Delhi. Brash and officious […]

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