1. This is a petition for issue of writ of mandamus declaring that liquidation proceedings against Kollur Parvathi Co - operative Bank Limited, is illegal and void by holding that provisions of S.64 of the A.P. Co - operative Societies Act, 1964 are not applicable to a Co - operative Bank as the same is a banking Company within the purview of the Banking Regulation Act, 1949 and that the High Court alone has jurisdiction or in the alternative direct the Reserve Bank of India to take steps under sub-cl.(iii) of S.115 - B of the A.P. Co - operative Societies Act,1964 and by declaring that the Deputy Registrar, Tenali and the Registrar of Co - operative Societies, Hyderabad have no jurisdiction to order liquidation of the Kollur Parvathi Co - operative Bank Ltd.

2. The averments in the affidavit filed in support of the writ petition are as follows: The petitioners are members and depositors of Kollur Parvathi Co - op. Bank Ltd., Kolluru, 1st respondent herein. The petitioners 1 to 8 hold the deposits of Rs.69,000/-, Rs.49,000/- Rupees 90,000/-, Rs.75,000/-, Rs.37,155/-, Rupees 28,000/-, Rs.35,000/- and Rs.20,000/- respectively. The 1st respondent bank is an Urban Co - operative Bank