In Brief
This case concerns the allotment of Plot No. 2 in a cooperative housing society established for Life Insurance Corporation employees. The Disputant, an LIC employee and depositor since 1981, claimed the plot after exercising her option on 18.12.1988. The Appellant, who was neither a depositor nor present at that meeting, was allotted the plot despite an interim court order prohibiting such allotment. The Supreme Court held that the Disputant was a valid depositor entitled to the plot. She had paid contributions, submitted a membership application, and exercised her option for Plot No. 2 on the relevant date when no one else claimed it. The Appellant made no contributions and took no steps toward membership. The Court quashed the allotment to the Appellant and allowed the Disputant's appeal, directing the Society to follow proper procedure while considering the Disputant's superior claim.
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