JUDGMENT :

1. Heard learned advocate Mr. Chirag B Patel for the petitioners and learned advocate Mr. Deshal Modi with learned advocate Mr. Nisarg Trivedi for the respondent nos. 3 and 4. Though served no one appeared for rest of the respondents.

2. Having regard to the controversy involved in this petition which is in a narrow compass, the petition is taken up for final hearing with the consent of learned advocates for both the sides.

3. Rule returnable forthwith. Learned advocate Mr. Deshal Modi waives service of notice of rule on behalf of respondent nos. 3 and 4. As no one has appeared pursuant to the notice issued by this Court, rule is not required to be served upon the other respondents, namely, respondent no.1-Board of Nominees, respondent no.2-Gujarat State Cooperative Tribunal and respondent no.5-Nimesh Pravinchandra Shah.

4. The petitioner bank has filed this petition under Articles 226 and 227 of the Constitution of India challenging the judgment and order dated 29.07.2019 passed by the Gujarat State Co-operative Tribunal (For short “the Tribunal”) in Appeal No. 68 of 2012 upholding the judgment and award dated 10.02.2012 passed in New Summary Lavad Case no. 547 of 2007 belo