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CHATTISGARH HIGH COURT
, J
Ms. Aruna Dixit – Appellant
Versus
Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur – Respondent
| Table of Content |
|---|
| 1. petitioner challenges amalgamation of banks. (Para 1 , 2 , 3 , 4 , 5) |
| 2. parties present conflicting arguments on legality. (Para 6 , 7) |
| 3. mandatory provisions for amalgamation not followed. (Para 8 , 12 , 13 , 14 , 15 , 16 , 17 , 20 , 21 , 22 , 23 , 24 , 26) |
| 4. judicial review limited to the decision-making process. (Para 29 , 30 , 31 , 32) |
| 5. court quashes the amalgamation order. (Para 38 , 39) |
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 a
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