law: Multi-State Cooperative Societies Act, 1984 
  80. Liquidator.- 
  1.     
  
    Where
  
  the Central Registrar has made an order under section 77 for the winding up of
  
  a multi-State cooperative society, the Central Registrar may appoint a
  
  liquidator for the purpose and fix his remuneration.
  2.     
  
    A
  
  liquidator shall, on appointment, take into his custody or under his control
  
  all the property, effects and actionable claims to which the multi-State
  
  cooperative society is or appears to be entitled and shall take such steps as
  
  he may deem necessary or expedient to prevent loss or deterioration of, or
  
  damage to, such property, effects and claims and he may carry on the business
  
  of the multi-State cooperative society so far may be necessary with the
  
  previous approval of the Central Registrar.
  3.     
  
    Where
  
  an appeal is preferred under clause (k) of sub-section (1) of section 90, an
  
  order for the winding up of a multi-State cooperative society made under
  
  section 77 shall not operate thereafter until the order is confirmed in appeal;
  Provided
  
  that  
  
  the liquidator shall continue to have custody or control of the Property,
  
  effects and actionable claims mentioned in sub-section (2) and have authority
  
  to take the step referred to in that sub-section.
  1.     
  
  
  2.     
  
  
  3.     
  
  
  4.     
  
    Where
  
  an order for the winding up of a multi-State cooperative society is set aside
  
  in appeal, the property, effects and actionable claims of the society shall
  
  re-vest in the society.