1. By these two petitions filed under Article 227 of the Constitution of India, the petitioners have impugned the order dated 20th May, 2013 and the order of condonation of delay dated 17th January, 2012 passed by the learned Divisional Joint Registrar, Co-operative Societies, Mumbai Division, the respondent no. 5 herein thereby allowing the revision application filed by the respondent nos. 1 to 3 and condoning the delay in filing the revision application.

2. By consent of parties, both the matters were heard together and are being disposed off by a common order.

3. Some of the relevant facts for the purpose of deciding these petitions are as under.

4. Writ Petition No. 572 of 2014, is filed by the purchasers of the property known as “Parvati Niwas” consisting of ground plus three floors standing on land ad-measuring 478.68 sq. meters situated at Mahant Road, Vile Parle (E), Mumbai, 400 057. The respondent no. 1 was the borrower and has availed of various facilities from the respondent no. 4 i.e. the National Co-operative Bank Limited. The respondent nos. 2 and 3 are the partners of respondent no. 1. The respondent no. 5 is the Divisional Joint Registrar Co-operative Societi