B. SUDERSHAN REDDY, J.

( 1 ) SHORN of all the details, the petitioner in the instant writ petition assails the order passed by the first respondent, the Registrar of Co-operative Societies, Government of Andhra Pradesh, Hyderabad, in RC N0. 68614/98-L1, dated 22-9-1998 rejecting the revision petition filed by him under Section 77 of the Andhra Pradesh Co-operative Societies Act, 1964, (for short the Act ).

( 2 ) THE petitioner joined the services of the second respondent-Bank as Manager (Accounts) in August, 1990 and later on promoted as Deputy Managing Director and as at present is the Managing Director (under suspension ). The Board of Directors of the second respondent-Bank through its resolution dated 3-9-1998 kept the petitioner under suspension pending inquiry into the allegations. The petitioner is alleged to have committed several irregularities in sanctioning loans and cash credit. He is also alleged to have involved in mis-appropriation of bank funds under the head cheque discounting in King-Koti Branch. The same is stated to have come into light during the Audit report and the Auditors are stated to have submitted their special report to the District Co-operative Audi

Click Here to Read the rest of this document