Cooperative bank at the direction of Reserve Bank being an insured bank within the Deposit Insurance and Credit Guarantee Corporation Act, is wound up and the Deposit Insurance Corporation has become to the depositors of the insured bank under sub-section (1) of society that Act, the Deposit Insurance Corporation shall be reimbursed liquidator or such other person in the circumstances, to the extent an manner provided in this Act.  Section of Liquidator for Multi State Cooperative Society (1) Where the Central Registrar has made an order under Section the winding up of a Multi State Cooperative Society, the Central may appoint a liquidator for the purpose and fix his remuneration. (2) A liquidator shall, on appointment, take into his custody or control all the property, effects and actionable claims to which the Co-operative Society is or appears to be entitled and shall take such he may deem necessary or expedient to prevent loss or deteriorate damage to, such property, effects and claims and he may carry on of the Multi State Society so far as may be necessary previous approval of the Central Registrar. (3) Where an appeal is preferred under clause (k) an order for the winding up of a Multi State Cooperative society made under shall not operate thereafter until the order is in appeal: Provided that the liquidator shall continue to have custody of the property, effects and actionable claims mentioned section (2) and have authority to take the steps referred to in section. (4) Where an order for the winding up of a multi state cooperative society is set aside in appeal, the property, effects and actionable shall in the certain acts apply to multi state cooperative society.