The cooperative circles in Orissa are in jitters as the Supreme Court has stayed the Orissa high court order quashing the state govt nominated councils for managing the cooperative banks in the state. The latter had earlier challenged the high court order in the apex court.
It is noteworthy that Orissa govt had constituted its own councils for managing the cooperative banks as it was not happy with the way the so-called elected councils were running them.
However, the cooperative banks had opposed the govt move and got the govt nominated councils quashed by the Orissa high court.
While staying the high court verdict, the apex court asked the cooperative organizations to present their case for the final settlement of the matter.
In the meantime following the Supreme Court order, the state govt nominated councils would begin managing the cooperative organisations in the state and the elected councils of these organisations would stand invalidated.
There are unmistakable indications that the Orissa govt is bent on controlling the lever of power of the cooperative sector in the state. It already has shown its determination to do so by enforcing the Orissa cooperative societies act, 2011.
