KANAKARAJ, J.

1. The Tamil Nadu Agricultural land is a Society registered under the Tamil Nadu Cooperative Societies Act, 1961 (herein after called as “the Act”). Its bye-laws illustrate the point that the people who hanker for or aspire to occupy positions of prominence in any field should realise the duties and responsibilities of the office and that a Damocles sword always hangs over such officers of importance. It is common knowledge that people aspire for an office of the President of a Panchayat or the President of a Co-operative Society in rural areas, because such officer did command some respect in the village and a certain amount of status and prestige are also attached to such officer. But a very few people realise the risk involved in discharging the duties of such responsible officers.

2. On the basis of a Special Audit Enquiry report submitted under Sec. 65 of the Act, action was-initiated under Sec. 71 of the Act against the ex-President, seven Directors, one ex-Secretary and two other employees of the society for having caused loss to the tune of Rs. 1.69.386-95 ps. Against the order dated 7.5.80 of the Deputy Registrar an appeal was filed to the Special Tr