JDUGMENT :

(N. NAGARESH, J.)

The writ petition has been filed by a Co-operative Bank seeking to declare that the Bank is entitled to an amount of Rs.4,10,134/- as on 24.08.2022 on account of the default committed by respondents 7 and 8 in the loan transaction arising out of Ext.P10 and the malfeasance and omission in the discharge of statutory duties on the part of respondents 3 to 6 and that the State is liable to make good the loss suffered by the Bank.

2. The 7^th respondent availed a loan of Rs.2 lakhs from the Bank on 24.08.2015. The 8^th respondent stood as a guarantor and offered his Salary Certificate. The 8^th respondent was working as Senior Clerk in the Agricultural Development and Farmers Welfare Department. It is based on the security of the 8^th respondent that the loan was sanctioned, contends the petitioner-Bank.

3. When the 7^th respondent defaulted in making repayment, the petitioner required respondents 3 to 6 to recover monthly instalments from the salary of the 8^th respondent. Respondents 3 to 6 refused to take any action. On the other hand, respondents 3 to 6 permitted the 8^th respondent to go on retirement availing all his terminal benefits. Because of the failure of