1` IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH, NAGPUR Writ Petition No. 5829/2007 M/s Balaji Enterprises and others vs. District Deputy Registrar and another. ------------------------------------------------------------------------------------------------------------------ Notes, Office Memoranda of Coram, appearances, Court's orders Court's or Judge's or directions and Registrar's orders. Orders. ----------------------------------------------------------------------------------------------------------------- CORAM : A.P.LAVANDE, J DATE : 05.08.2008 Heard Mr. B.G.Kulkarnki, learned counsel for the petitioners, Mr. D.B.Patel, learned A.G.P. for respondent no.1 and Mr. S.P.Deshpande, learned counsel for respondent no.2. By this petition, the petitioners have challenged the recovery certificate issued by respondent no.1 under Section 101 of the Maharashtra Cooperative Societies Act (hereinafter referred to as 'the Act'). The petition has been opposed by the learned counsel for the respondents on the ground that the remedy by way of revision under Section 154 of the Act is available to the petitioners. According to Mr. Kulkarni, the remedy by way of revision is not efficacious remedy and, therefore, this is a fit case in which writ petition filed by the petitioners deserved to be entertained. It is well settled that the jurisdiction under Articles 226 and 227 of the Constitution of India is also discretionary. Although the remedy by way of revision is under Section 154 of the Act is discretionary, in my considered opinion, the remedy under Section 154 of the Act is an efficacious remedy available to the petitioners having regard to 2` the grounds taken in the petition. Therefore, I am not inclined to entertain this petition. The petition is dismissed. Needless to mention that the petitioners are at liberty to avail remedy by way of revision under Section 154 of the Act. At this stage, Mr. Kulkarni for the petitioners submits that interim relief granted on 18.12.2007 be continued for a period of two weeks. Mr. Kulkarni states that the petitioners have deposited an amount of Rs. 27 lacs with the Bank. This position is disputed by Mr. Deshpande for the Bank. Interim order dated 18.12.2007 granted by this court to continue for a period of 2 weeks in case the petitioners have already deposited Rs. 27 lacs with the respondent no. 2 Bank. Judge patle 3`