Pareed Pillay, C.J.

Appellant is the petitioner in O.P.No. 2014 of 1995. appellant-feroke Service Co-operative Bank Ltd. filed the original petition to quash Ext. P5 notification. Learned Single Judge dismissed the original petition holding that the State Government has considered the question of public interest in passing Ext. P5 notification and therefore this is not a case to be interfered with under Article 226 of the Constitution of India.

2. Appellant is registered Society functioning from 1942 onwards. Contention of the appellant is that it has been functioning very well for all these years, that it has 18628 members at present and deposits of Rs. 4,78,00,000/-, that its working capital is Rs. 5,52,00,000/- that loans have been advanced to members amounting to Rs. 5,24,00,000/- and that it is running on profit basis. As per Ex1P2 the Joint Registrar of Co-operative Societies, Kozhikode (3rd respondent) informed the appellant that a proposal was received in his office for formation of the Feroke Panchayat Service Co-Operative Bank with the panchayat area as its area of operation, and accepting the recognised policy of one Co-operative Bank for one panchayat, the app