SATISH CHANDRA
Satyapal Gupta – Appellant
Versus
State of U. P. – Respondent
ORDER
Satish Chandra, J. - This petition under Article 226 of the Constitution prays that the order of the State Government of 15th May, 1967, be quashed and the respondents be directed not to interfere with the petitioner's functioning as Directors on the Board of Directors of the Budaun Zilla Sahkari Bank, Limited.
2. Budaun Zilla Sahkari Bank, Limited is a co-operative society registered under the Co-operative Societies Act, 1912. Under its bye-laws the Bank has three categories of shareholders. A class shareholders consist of the Uttar Pradesh Government or the Uttar Pradesh Co-operative Bank. These are called special members. Then other co-operative societies, whose registered office is in Budan, are called B class or ordinary members. The third category is of C class shareholders which is of individuals being over 18 years in age or who are residents in the district of Budaun or held property or carry on business or trade therein. Bye-law 49 provides for the constitution of the Board of Directors. The Board is to consist of the President, three nominees of A class shareholders and 12 other persons elected by B and C class shareholders. Bye-law 51 provides for the tenure of the
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