K.THANKAPPAN
Thiruvalla East Co-op. Bank Ltd. – Appellant
Versus
Joint Registrar of Co-op. Societies – Respondent
Petitioner bank challenges Ext.P-9 order, by which the 1st respondent Joint Registrar rejected the request of the petitioner for sanction to purchase anew vehicle.
2. Petitioner bank is having its Head Office at Eraviperoor, Thiruvalla and has got 15 branches. The total deposits of the petitioner bank are more than Rs.100 crores and the share capital is Rs.212.5 lakh. The staff strength of the petitioner bank is 17, including two drivers. The bank has got two vehicles, one jeep and one car. Since the car started having mechanical problems, the Managing Committee of the petitioner bank decided to sell the car and to purchase a new vehicle as per resolution dated 27-5-2006. The resolution was forwarded to the 1st respondent with a covering letter requesting for sanction to purchase a new vehicle. The 1st respondent by Ext.P-6 order directed the petitioner not to proceed with the steps for the purchase of the new vehicle pending disposal of the complaint filed by the 2nd respondent alleging that the Board of Directors of the petitioner bank has resolved to purchase a new vehicle against the conditions stipulated in the circulars of the Registrar of Co-operative Societies an
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