ORDER :

1. Heard learned counsel for petitioner Sri Diljit Singh Ahluwalia and learned counsel for respondents Sri Vedula Srinivas.

2. On the issue of holding elections to the Executive body of the society, some of the members of the society were opposing and some of the members are supporting other group. Several Interlocutory applications are filed in the writ petitions. I.A.Nos.1 and 2 of 2020 in W.P.No.21795 of 2020 is filed praying to direct respondent authorities to conduct thorough investigation and stay operation of bogus voters list dated 17.11.2020; I.A.No.1 of 2020 in W.P.No.23849 of 2020 is filed praying to issue directions to complete the counting of votes and to declare the results; I.A.No.1 of 2020 in W.P.No.23853 of 2020 is filed praying to issue directions to complete the counting of votes and to declare the results; I.A.No.1 of 2020 in W.P.No.23869 of 2020 is filed to issue directions to complete the election process by completing counting of votes and to declare results; and I.A.Nos.1 and 2 of 2020 in W.P.No.23976 of 2020is filed praying to suspend declaration of results and to conduct re-election. These Interlocutory Applications were decided by common order dated 8.1.2021.

3. Paragraph 42 of the order reads as under:

“42. Having given my anxious consideration to the submissions of the learned counsel, following orders are passed:

i) I.A.No.1 of 2020 in W.P.No.23853, I.A.No.1 of 2020 in W.P.No.23869 and I.A.No.1 of 2020 in W.P.No.23849 of 2020 are ordered and the Returning Officer is directed to announce the result of the election held on 20.12.2020;

ii) In I.A.No.1 of 2020 in W.P.No.21795 of 2020, issue notice, returnable by 02.02.2020;

iii) I.A.No.2 of 2020 in W.P.No.21795 of 2020 is filed praying to stay the operation of bogus voters list dated 17.11.2020. For the reasons stated above, petitioner is not entitled to the relief sought in the Interlocutory Application. I.A.No.2 of 2020 in W.P.No.21795 of 2020 is dismissed;

iv) In I.A.No.1 of 2020 in W.P.No.23976 of 2020 petitioners are praying to suspend the declaration of results of the election. For the reasons stated above, petitioners are not entitled to the relief sought in the Interlocutory Application. I.A.No.1 of 2020 in W.P.No.23976 of 2020 is dismissed;

v) I.A.No.2 of 2020 in W.P.No.23976 of 2020 is filed to direct the 4th respondent Bank to conduct re-election to the posts of Directors. Unless the Court holds that the election process undertaken by the Returning Officer is vitiated, Court cannot direct re-election. Therefore, prayer sought in this Interlocutory Application cannot be granted at this stage. I.A.No.2 of 2020 in W.P.No.21976 of 2020 is dismissed;

vi) Until further orders, the newly elected Directors are directed not to take policy decisions affecting the affairs of the society and the bank, including dealing with the funds of the society except for attending to day to day needs of the Society and the Bank and payment of salaries and allowances of the staff.”

4. This contempt case is filed alleging that directions issued in paragraph 42 (vi) are violated and with impunity the elected Board of Directors are taking policy decisions affecting affairs of the society and thereby committed contempt of the Court.

5. Elaborate submissions were made on both sides. Learned counsel Sri Diljit Singh Ahluwalia also filed list of dates and events and gist of the submissions.

6.1. According to learned counsel Sri Ahuluwalia, the Court permitted the Board of Directors only to deal with day to day needs of the bank whereas with impunity it has been taking policy decisions. Loans worth Rs.100 crores were sanctioned; Committees were constituted to deal with funds, dues, loans etc. Proposals were made to the Board stating that loan Committee can sanction loan proposals above Rs.30 lakhs and upto Rs.70 lakhs and renewal of loan proposals amounting to Rs.30 lakhs to Rs.1 crore. He would submit that when no loan committee can be formed in view of direction 4