P.UNNIKRISHNA KURUP
PRESIDENT, THIRURANGADI SERVICE CO. OPERATIVE BANK – Appellant
Versus
N. K. VENKITACHALAM – Respondent
1. A co-operative society registered under the Madras Co-operative Societies Act, 1932 is the petitioner in this Original Petition and it is represented by the President. The 1st respondent, while working as the Secretary of the petitioner co-operative bank, was proceeded against for certain irregularities noticed in the performance of his duties as Secretary. A sub-committee of the Board of Directors served on the petitioner a memorandum of charges and after considering his explanation found him guilty of the charges framed against him and issued a notice to show cause why he should not be dismissed from service. The charges levelled against the 1st respondent were that he had been lending money privately to one C.P.C. Hydrue while refusing to give him loan from the bank, that he had given excess amounts in granting gold loans, that he had divulged the bank secrets to one C. Kunjumuhammed, that he had misappropriated the movables belonging to the bank and used them at his own residence and that he had not maintained the service register as required by the rules. The explanation submitted by the 1st respondent was found not satisfactory and he was dismissed from service
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