Can a Joint Secretary of a Cooperative Society be held liable for financial losses caused by a fraudulent loan applicant when the loan was sanctioned

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In the given facts and circumstances of the present case, it cannot be fathomed that Respondent No. 6 being the Joint Secretary of the Society and one of the office bearers of the Managing Committee can be solely held responsible and liable for disbursement of loan to a person who is not an employee of the Police Department. The most important aspect for consideration is the fact of due
 
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