Supreme Court Clarifies ‘Same Line of Business’ Standard for Co-operative Society Investments Under MSCS Act

The Supreme Court of India has elucidated the legal principles governing the investment of funds by Multi-State Co-operative Societies (MSCS), specifically interpreting the restrictive expression “any other institution in the same line of business” under Section 64(d) of the Multi-State Co-operative Societies Act, 2002. A Bench comprising Justice J.B. Pardiwala and Justice K.V. Viswanathan clarified…

Bankrupt robot manufacturer Agrointelli sold in parts

The intellectual property and software of Agrointelli, which was declared bankrupt in February, have been sold. The trustee has not disclosed the identity of the buyer. Photo: Mark Pasveer The bankrupt robot manufacturer Agrointelli, best known for the Robotti field robot, has not been sold as a whole but in parts. Danish media report this.…