ORDER:- As both the above cases arise out of the same proceedings and involve identical issues, they are dealt with together.

2. An enquiry into the constitution, working and financing condition of the Tenkasi Co-operative Urban Bank Limited, hereinafter referred to as the Bank, was ordered under Sec. 65 of the Madras Co-operative Societies Act, 1961 by the Deputy Registrar, Tirunelveli in his proceedings dated 22-11-1965. A preliminary report of the enquiry Officer was submitted on 19-7-1966 and it showed that there has been misappropriation of the Bank's funds. As a follow-up of the said report the Deputy Registrar issued surcharge notices dated 6-8-1966 under Section 71 of the Act to one M. Chockalingam Pillai the ex-President and N. T. Pannayar, the ex-Vice-President, and 8 others who were Ex-directors of the Bank. A surcharge notice was also issued to one R. Ulaganathan Ex-clerk of the bank who has alleged to have misappropriated the funds of the bank. At that stage the bank was superseded and a Special Officer was appointed under Section 72 of the Act by an order of the Joint Registrar dated 10-9-1966. In answer to the above surcharge notices issued to them, the Ex-Di