R.RAJENDRA BABU
Trissur District Co-operative Bank – Appellant
Versus
State of Kerala – Respondent
Judgment :-
The petitioner, the Trissur District Co-operative Bank Employees Union represented by its Secretary, filed this O.P. for directing the 2nd respondent, the Registrar of Co-operative Societies, to consider Ext.P9 representation and to cancel Exts.P7 and P8 resolutions taken by the 4th respondent, the Administrator, Trissur District Co-operative Bank, and also for directing respondents 1 to 6 not to grant and disburse the loan amount sanctioned as per Exts.P7, P8 and P11 to the 7th respondent, Priyadarshini Co-operative Hospital Ltd. No.R.756.
2. The allegations in the petition briefly are as follows: The 5th respondent, the Trissur District Co-operative Bank was under the administration of the Administrator with effect from 4.5.2002. The 7th respondent Priyadarshini Co-operative Hospital Ltd. No.R 756 was a co-operative society registered as a Hospital Society in 1986. The objectives of the above society could not be achieved even after 16 years and the above society is in loss of about Rs.2 crores. The 7th respondent availed a bridge loan of Rs.25 lakhs from the Keecheri Branch of the Trissur District Co-operative Bank on 9.4.1994. They did not repay the amount. Accordin
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