JUDGMENT This writ petition has been filed, inter alia, seeking a direction that the amounts in fixed deposits maintained by the petitioners in the Thrikkunnapuzha Kizhakkekara Service Cooperative Bank Ltd. (hereinafter referred to as 'the Bank') be paid immediately. According to the petitioners, the amounts due to them are not being paid even though the deposits have matured.

2. The learned counsel appearing for the respondent Bank submits that the Bank is in dire financial straits and, for this reason, has been unable to repay the fixed deposits. It is also submitted that unless expeditious steps are taken to execute the awards obtained by the Bank, in proceedings under Section 69 of the Kerala Co-operative Societies Act , 1969 (hereinafter referred to as ‘the 1969 Act’), the bank will not be in a position to repay the depositors.

3. I have heard the learned Government Pleader also.

4. It is clear from the submissions of the learned counsel for the respondent Bank that unless the awards obtained by the Bank in proceedings