1. Petitioner Ms. Aruna Dixit, Ex - chairman and shareholder of the Bilasa Mahila Nagrik Sahkari Bank Maryadit, Bilaspur (for short 'the Bilasa Bank') has assailed the legality and validity of the order dated 18.01.2011 passed by the Registrar Cooperative Societies, Chhattisgarh under S.18 (1) of the Chhattisgarh Co - operative Societies Act, 1960 (for short 'the Act, 1960') directing amalgamation of the Bilasa Bank with the respondent No.4 i.e. Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur (for short 'the Laxmi Bank').

2. Briefly stated, the facts of the matter, as projected from the material available on record, are that the Bilasa Bank was established and constituted in the year 1996 under the provisions of the Act, 1960. The said bank was conducting its business and affairs through its members and elected office bearers. On committing defaults and mismanagement, the Board of Directors of the Bilasa Bank was superseded on 13.09.2006. The said order of supersession was extended for another year vide order dated 12.09.2007, however there was no order of extension till 02.01.2010 when another order was passed directing continuance of the supersession and further increasing the s