Section 123 — Power of the Managing body of an affiliating co-operative society to enquire into the affairs of a member cooperative society.

When a registered co-operative society takes a loan from an affiliating co-operative society and defaults on payment of the debt or any installment thereof, any member.-of the Managing Body of affiliating co-operative society may examine and look into the accounts and working of such defaulting co-operative society and report the result of his enquiry or examination particularly with reference to the said loan to the affiliating co-operative society and may recommend any suggestion in his report. The borrowing cooperative society shall furnish such information and produce such documents, books and accounts as the member of the managing body may require.