Lodge C. J-_This is an appeal from a judg­ment and decree of the Additional Subordinate Judge, Assam Jalley Districts, delivered at Jorhat. The suit was instituted by one Balodev Khaund in the following circumstances. A society, known as the Bangala Pukhuri Gaolia Bank, was formed and was registered on 27th October 1913, under the Co-operative Societies Act (II [2] of 1912). Balodev Khaund was elected Chairman of the Society at a general meeting held on 27th August 1922, and continued to hold that office until 1934, except for a short interval. In 1934, a defalcation amounting to RS. 24,433-9 7 was detect­ed. On 2lst June 1933, the Managing Committee at meeting held that Rs. 13,768-6-3 was due from the ex. Chairman, Balodev Khaund, and passed a resolution to that effect, claiming the money from him. Thereafter the Managing Committee made a refence to the Registrar of Co-operative Societies for arbitration under cls. (l) and (2) of R. 32. The Assistant Registrar made an award to the effect that Rs. 13,768-6-3 was due from the ex-Chairman, who appealed against the award; but was unsuccessful in his appeal. Thereupon Balodev instituted a suit, being Suit No. 11 of 1938, to set aside t

Click Here to Read the rest of this document