A. Kulasekaran, J.

1. The appellant is the petitioner in WP (MD) No. 3716 of 2004 filed for issuance of Mandamus forbearing the respondents 1 and 2 herein from effecting transfer or allow the respondents 3 to 5 to deal with 95418 shares of the second respondent/Bank from in any manner. The said writ petition was dismissed by the learned single Judge on 28.01.2005, hence the present writ appeal.

2. Thelearned counsel appearing for the appellant submits as follows: The appellant herein is a society registered under the Societies Registration Act. The second respondent/Bank is a scheduled bank incorporated under the provisions of Companies Act. It is stated that the writ petition has been filed by the appellant herein to protect the interest of the members of their Sangam, who are the main subscribers of the second respondent/Bank, when attempts were made by the respondents 2 to 5 herein to transfer 95418 shares to third parties contrary to the guidelines issued by the first respondent and that the respondents 2 to 5 are violating the guidelines issued by the first respondent pertaining to transfer of shares; that on 12.03.2004 in the 81st Annual General Meeting of the se