ORDER :

The Revision petition has been filed to set aside the fair and decreetal order dated 19.03.2012 made in CMA(CS) No.14 of 2009 on the file of the Principal District Court, Thoothukudi.

2. The brief facts of the case are as follows:

The petitioner was the erstwhile Secretary of the E.E.107 Perungulam Cooperative Rural Bank Ltd. In his capacity as the Secretary, he had disbursed loan to several persons as per the bye-law, but he failed to recollect the loans within the stipulated period of limitation and thereby had caused financial loss to the Societies Act, 1983. Enquiry under Section 81 of the Tamil Nadu Cooperative Society Act was ordered in which it has been recommended to recover a sum of Rs. 14,45,338/- from the petitioner. As he has committed financial loss to the Society Surcharge Proceedings under Section 87 of the Act was initiated, and after conclusion of the Surcharge Proceedings the petitioner was directed to repay the amount initiating the recovery proceedings and against the said order the petitioner had preferred CMA (CS) No.14 of 2009 before the learned Principal District Judge, Thoothukudi. The learned Principal District Judge, Thoothukudi by an order dated 19.