P.B.SURESH KUMAR
V. Prabhakaran Pillai, President – Appellant
Versus
Assistant Registrar of Co-Operative Societies, General – Respondent
P.B. Suresh Kumar, J.
1. The petitioner is the President of Mavelikkara Taluk Co-operative Bank Ltd. ('the Bank'). The Bank is a co-operative society registered under the Kerala Co-operative Societies Act ('the Act'). Ext.P6 notice, by which the second respondent has called upon the petitioner and other members of the managing committee of the Bank to show cause why the managing committee of the Bank shall not be superseded under Section 32 of the Act, is under challenge in this writ petition.
2. It is stated by the petitioner that the managing committee of the Bank has received information during December 2016 that the staff members of Thazhakkara branch of the Bank are indulging in various irregularities and acts of misappropriation. It is also stated by the petitioner that immediately thereupon, the Manager and two staff members of the said branch were placed under suspension. It is further stated that while so, an inquiry into the affairs of the Bank has been ordered by the second respondent under Section 65 of the Act. Ext.P6 notice was issued thereafter by the second respondent stating that misappropriation to the tune of Rs.28,23,87,684/- was found in the inquiry; th
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