law: Multi-State Cooperative Societies Act, 1984 
  16. Liability of a
  
  cooperative bank to the Deposit Insurance and Credit Guarantee Corporation.- 
  Notwithstanding
  
  anything contained in section 14 or any other provision of this Act, were a
  
  cooperative bank, being an insured bank within the meaning of the Deposit
  
  Insurance and Credit Guarantee Corporation Act, 1961, is amalgamated or
  
  reorganised and the Deposit Insurance Corporation has become liable to pay to
  
  the depositors of the insured bank under sub-section (2) of section 16 of the
  
  Act, the bank with which such insured bank is amalgamated, or the new
  
  cooperative bank found after such amalgamation, or, as the case may be, the
  
  insured bank or transferee bank shall be under an obligation to repay to the
  
  Deposit Insurance Corporation in the circumstances, to the extent and in the
  
  manner referred to in section 21 of the Deposit Insurance and Credit Guarantee
  
  Corporation Act, 1961.