India, April 16 -- The deputy district registrar (DDR) of the K East ward has dismissed the managing committee of a cooperative housing society in Marol for certain administrative lapses, including appointing authorised signatories other than the chairperson, secretary, and treasurer to operate its bank account.

According to an April 7 order passed by the DDR of the K-East ward, Sanjay Gadepatil, an administrator has been appointed to audit the accounts of the L&T Group of Companies Employees Cooperative Housing Society, also known as Vijay Nagar, for financial irregularities.

The order stated that the "inspection report has found several administrative and other serious lapses by the managing committee. A show cause notice has been iss...