JUDGMENT :

Heard Mr. Amit Srivastava, learned senior counsel duly assisted by Mr. Rakesh Kumar Jha, learned counsel appearing on behalf of the petitioners. The state is represented by Mr. Sushil Kumar, learned GP-22.

2. The petitioner no. 1 is a Co-operative Society registered in accordance with the provisions of the Bihar Self Supporting Co-operatives Societies Act, 1996 (hereinafter referred to as the ‘Act’), whereas the petitioner no. 2 is the elected Chairman of the society, have invoked the prerogative writ jurisdiction of this Court under Article 226 of the Constitution seeking quashing of the order dated 13.01.2023 as contained in Memo No. 37 dated 10.03.2023 (Annexure -10) passed by the Bihar Self Supporting Co-operative Society Tribunal, Patna whereby the Bihar Co-operative Credit Society Limited, Bhagalpur has been ordered to be liquidated and dissolved under the supervision of the Registrar, Co-operative Societies, Bhagalpur Division.

3. The short facts which led to the filing of the present writ petition is that the Bihar Co-operative Credit Society Limited, Bhagalpur was incorporated on 30.05.2011 by the Joint Registrar, Co-operative Societies, Bhagalpur Division in terms