IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE KURIAN JOSEPH WEDNESDAY, THE 22ND OCTOBER 2008 / 30TH ASWINA 1930 WP(C).No. 32214 of 2005(I) ------------------------------------- PETITIONERS: --------------------- 1. PRESIDENT, MEPPAYYUR CO-OP.TOWN BANK LTD NO.F.1497, MEPPAYYUR P.O. KOZHIKODE 673 524. 2. MEPPAYYUR CO-OP.TOWN BANK LTD. NO.F/1497 MEPPAYYUR P.O. KOZHIKODE- 673 524, REPRESENTED BY ITS SECRETARY. BY ADV. SRI.M.M.MONAYE, SRI.M.PAUL VARGHESE, SRI.M.S.BREEZ. RESPONDENTS: ------------------------ 1. THE REGISTRAR OF CO-OP.SOCIETIES, O/O.THE REGISTRAR OF CO-OP.SOCIETIES, THIRUVANANTHAPURAM. 2. THE EXECUTIVE DIRECTOR, RESERVE BANK OF INDIA, CENTRAL OFFICE, SHAHID BHAGAT SINGH ROAD, MUMBAI -420 001. 3. THE DEPUTY GENERAL MANAGER, URBAN BANKS DEPARTMENT, RESERVE BANK OF INDIA, BAKERY JUNCTION, THIRUVANANTHAPURAM- 695 033. 4. THE RESERVE BANK OF INDIA, REPRESENTED BY ITS GOVERNOR, RBI BUILDINGS, NEW DELHI. R1 BY GOVT. PLEADER SRI. MOHAMMED ANZAR, R2 TO R4 BY ADV. SRI. P. JACOB VARGHESE , SC,RB1. THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 22/10/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: W.P.(C). NO.32214/2005-I: APPENDIX PETITIONERS' EXHIBITS: EXT.P.1: COPY OF THE APPLICATION FOR REGISTRATION CUM REGISTRATION CERTIFICATE UNDER THE MADRAS CO-OP. SOCIETIES ACT 1931. EXT.P.2: COPY OF THE ORDER DTD. 27/12/1999 ISSUED BY THE R.2. EXT.P.3: COPY OF THE INTIMATION LETTER DTD. 29/12/1999 ISSUED BY THE R.3. EXT.P.4: COPY OF THE CERTIFICATE OF REGISTRATION DT.D 09/06/2000 ISSUED BY THE JOINT REGISTRAR OF CO-OP. SOCIETIES, KOZHIKODE AND THE BYE - LAWS. EXT.P.5: COPY OF THE NOTIFICATION PUBLISHED BY RESERVE BANK OF INDIA IN THE MATHRUBHOOMI DAILY DTD. 21/05/2004. EXT.P.6: COPY OF THE REPRESENTATION DTD. 26/10/2005 OF THE PETITIONERS. RESPONDENTS' EXHIBITS: NIL. //TRUE COPY// P.S. TO JUDGE. prv. KURIAN JOSEPH, J. ----------------------------------------- W.P(C) No.32214 of 2005 ----------------------------------------- Dated this the 22nd day of October, 2008 JUDGMENT Petitioner approached this court aggrieved by the steps taken by the Reserve Bank of India as per Exts.P2 and P5. According to the petitioners the second petitioner Society has been functioning as a primary credit society and hence the coercive steps now taken by the Reserve Bank of India cannot be continued. There are other contentions as well. It is seen that the petitioner has filed Ext.P6 representation before the 4th respondent. There will be a direction to the 4th respondent/competent authority to consider Ext.P6 with notice to the petitioners adverting to the contentions taken by them and pass appropriate orders in accordance with law expeditiously. The interim order passed by this court will continue till such time. The writ petition is disposed of as above. (KURIAN JOSEPH, JUDGE) ahg. KURIAN JOSEPH, J. ----------------------------------- W.P(C).No.32214 of 2005 ----------------------------------- JUDGMENT 22nd October, 2008