( 1 ) RULE. Mr. K. G. Vakharia, Ld. Sr. Counsel appearing for Mr. Tushar Mehta for the respondent No. 1 waives service of rule on behalf of respondent No. 1 and Mr. Dabhi, Ld. AGP appears and waives service of rule on behalf of respondent No. 2. With the consent of parties matter is taken up for final hearing today.

( 2 ) THE present petition is preferred by the petitioners who are claiming to be the members of Vatva Kadamgiri Coop. Hsg. Society Ltd (hereinafter referred to as "the society") against the order dated 17. 8. 01 passed by the Gujarat State Cooperative Tribunal (hereinafter referred to as "the tribunal") in Lavad Appeal No. 68/00.

( 3 ) THE short facts of the case are that the petitioners are the members of Vatva Kadamgiri Coop. Hsg. Society Ltd. The case of the petitioners is that the erstwhile organiser and the developer of the society, namely, Naranbhai Pandya and others had obtained the loan of Rs. 18,13,000. 00 from the respondent No. 1-Bank, and the further case of the petitioners is that the erstwhile Organiser had the dummy members in the society. It is the case of the petitioner that they have become members of the society in the year 1990 where