( 1 ) THIS is a petition under Articles 226/227 of the Constitution of India" whereby the petitioner, who is an elected Director of the Citizens urban Co-operative Bank Ltd. , has sought quashing of the show-cause notice dated 20-2-1984 {annexure H) and the order of supersession dated 28-5-1984 (Annexure J ).

( 2 ) THE facts leading to this petition briefly stated are as under : the Citizens Urban Co-operative Bank Ltd. is a Co-operative Society registered under Section 9 of the M. P. Co-operative Societies Act, 1960 (hereinafter referred to as the Act) on 20-6-1974. The working of the said bank is regulated by its bye-laws (Annexure A to the petition ). According to the bye-law 17, the affairs of the Bank are to be conducted by a Board of directors, consisting of 16 members of who 12 are the elected representatives of the share-holders of the Bank, The term of the office of the Board of directors is three years, according to Section 49 (7a) of the Act and the bye-law 17. The Board of Directors elects from amongst the members, a Chairman and a Vice Chairman.

( 3 ) THE election of the previous Board of Directors had taken place on 4-7-1979 and the term of its office