Section 43(1)

The liquidator may,-
(a) retain lawyers, accountants, engineers, appraiser and other professional advisors;
(b) bring, defend or take part in any civil, criminal or, administrative action or proceeding in the name and on behalf of the Co-operative Society;
(c) carry on the business of the Co-operative Society as required for an orderly liquidation;
(d) shall by public auction any property of the Co-operative Society;
(e) do all acts and execute any documents in the name and on behalf of the Co-operative Society;
(f) borrow money on the security of the property of the Co-operative Society;
(g) settle or compromise any claims by or against the Co-operative Society; and
(h) do all other things that he considers necessary for the liquidation of the Co-operative Society and distribution of its property.