ORDER:

Challenging surcharge order in Rc.No.507/2016.C1, dated

16.10.2017 passed under Section 60 (1) of the A.P. Cooperative Societies Act, 1964 by the 3rd respondent ordering recovery of Rs.23,65,287.92ps excess expenditure from the Managing Committee Members of Narasingapuram FSCS along with 18% interest per annum from the date of excess expenditure till the date of recovery of the amount, the present writ petition is filed.

2. Heard Sri N. Jayasurya, learned counsel for the petitioner and the learned Government Pleader for Cooperation.

3. The case of the petitioner is that the 4th respondent-

Narasingapuram Farmers Service Cooperative Society was established in 1976. As the society was financed by the Indian Bank with substantial amounts, an officer of the said bank was deputed to act as Managing Director of the 4th respondent society. The present Managing Committee of the society was elected in the year 2013. The petitioner was elected as President of the Managing Committee and discharged his functions in strict adherence to the provisions of the Andhra Pradesh Cooperative Societies Act, 1964 and rules made thereunder and followed circular instructions of the Government. It is stat