Ranjana Desai, J.

(1) The petitioner is a society registered under the Maharashtra Co-operative Societies Act, 1960 (for convenience, "the petitioner-society"). Respondent 1 is the Union of India. Respondent 2 is the State of Maharashtra and Respondent No.3 is the Central Bureau of Investigation, Anti Corruption Branch (for short, "the CBI"), who is currently investigating certain matters connected with the petitioner-society and its members.

(2) In this petition filed under Article 226 of the Constitution of INdia, the petitioner-society has, inter alia, prayed that the letter dated 31/1/2011 issued by CBI in respect of accounts of the petitioner-society maintained with the State Bank of INdia in Wodehouse Road Branch and Cuffe Parade Branch be quashed. By the said letter, CBI has issued a direction to the State Bank of INdia to stop operation of the said accounts of the petitioner- society.

Gist of the facts stated in the petition will have to be noted.

(a) The petitioner-society is a society registered under the Maharashtra Co- operative Societies Act, 1960. It has 102 members. The petitioner-society and its members were allotted, on occupancy basis, 6428.5 sq. meters of l