( 1 ) HEARD - Sri E. Manohar, Sri J. V. Suryanarayana, Senior Advocates, sri D. V. Bhadram, Sri K. V. Satyanarayana, sri Badri Premnath, Advocates for the several petitioners/appellants; learned Advocate general for the State of Andhra Pradesh; sri Nooti Ram Mohan Rao, Sri Ashok Anand kumar, Sri K. Gopaia Krishna Murthy, advocates for the several Co-operative Banks and Sri M. Ratna Reddy. Advocate for the union of India.

( 2 ) THE several writ petitions were filed at various stages of proceedings before the authorities of the Registration Department of the State. All the writ petitioners had obtained loans or Overdraft facility from the respective co-operative Banks in sums exceeding rupees ten lakhs each. In every instance there was a default in the repayment of the instalments or the loan amount and consequently a violation of the terms of the loan agreement. The lending Co-operative banks had initiated proceedings for recovery of the dues underthe provisions of the Andhra pradesh Co-operative Societies Act, 1964 [ap Act 7/64] (for short the 1964 Act ). In some cases awards were passed u/sec. 61 or certificates issued u/sec. 71 of the 1964 act. In some of the ca