Re: Indemnity bond to be signed by Co-op. socy managing comittee members
While I am unaware of any such precedent on the issue raised by you, I suggest that you can make an RTI application to the Registrar of Coop Society concerned asking for the detailed procedure that he is required to adopt in the event of any such delayed execution of indemnity bond by the managing committee members of any housing society and also for the regulations on exemptions/condonation of delay if any available to individual societies. Depending on his reply you can proceed further.
Defeat is not final when you fall down. It is final when you refuse to get up.