JUDGMENT - R.M.S. KHANDEPARKAR, J.:---Heard the learned Advocates for the parties. Perused the records.

2. Rule. Rule made returnable forthwith by consent.

3. The petitioner challenges the order issued by the Divisional Joint Registrar, Co-operative Societies, Aurangabad on 7-8-2000 and confirmed by the Appellate Authority by its judgment and order dated 17th May, 2001. The order dated 7th August, 2000 was apparently passed in exercise of powers under section 78 of the Maharashtra Co-operative Societies Act, 1960 (hereinafter called as the said Act.)

4. Few facts, relevant for the decision are that the petitioner is the Chairman of the Jalna District Central Co-operative Bank Limited, Jalna. A show cause notice dated 10-3-2000 came to be issued to the petitioner and other Directors of the said Bank by the Divisional Joint Registrar, Co-operative Societies, Aurangabad calling upon the petitioner and others to show cause as to why the action should not be taken in terms of the provisions contained in section 78(1)(a) of the said Act. After considering the replies of the petitioner and other directors, the Divisional Joint Registrar by its order dated 7-8-2000 passed the impugned order

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