( 1 ) THIS revision petition under article 227 of the Constitution of India is filed against the order of the A. P. Cooperative tribunal, Hyderabad ( the Tribunal for brevity) in I. A. No. 1242 of 2002 in C. T. A. No. 195 of 2002, dated 16-12-2002. By the impugned order, the Tribunal, while suspending the award dated /-9-2002 passed by the second respondent, imposed a condition that the petitioner should deposit a sum of Rs. 2,50,000/- with the first respondent bank. The said order was passed purporting to exercise power under Section 76 of the A. P. Co-operative Societies Act, 1964 ( the Act ) read with Rule 11 of the A. P. Co-operative Tribunal (Procedure) Rules, 1994 ( the Rules for brevity ).

( 2 ) THE petitioner appeared as party- in-person and made submissions for a considerable length of time. His case is as follows:

( 3 ) THE petitioner availed an amount of Rs. 3,50,000/- as a loan from the first respondent bank in April, 1999. He paid an amount of Rs. 1,19,000/- till 2002. According to him, in March 2002, the first respondent promised to reschedule the payment of loan and accordingly he paid an amount of rs. 20,000/- in March 2002, Rs. 10,000/- and rs. 5,0