: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 5761 OF 2009 M/s. Akshay Poly Laminates Pvt. Ltd. ... Petitioner Vs The Pandharpur Co.op Urban Bank. ... Respondents Mr. S.S. Salunkhe for the petitioner. Mr. N.P. Deshmukh for the respondents No.1. CORAM: S.B. MHASE & R.M. SAVANT, JJ. DATED : 3RD AUGUST, 2009. P.C.: 1. Heard. 2. The petitioner claims that the benefit of one-time settlement, though floated by the respondent-Bank is not being offered to the petitioner and, therefore, the petitioner has approached this court under Article 226 of the Constitution of India. The respondent is a cooperative Bank registered : 2 : under the Cooperative Societies Act.. The transaction in question is a loan transaction and the one-time settlement is a matter to be considered by the respondent-Bank. The respondent-Bank being a cooperative society the above Writ Petition is not maintainable. 3. Inspite of that, to test the bonafides of the petitioner, and since statement was repeatedly being made before this court that the petitioner was ready to pay the amount, this court, by order dated 6th July, 2009, granted time to the petitioner to deposit Rs.50 lakhs in this court and/or to pay the said amount to the respondent. However, till date, not a single farthing has been paid by the petitioner and the petitioner is now seeking time to arrange for the money. 4. We, therefore, doubt the bonafides of the petitioner and his motive in prosecuting the Petition. It appears that the endeavour is to stall the recovery. Hence we see no merit in the Writ Petition which is, accordingly, rejected. Sd/- Sd/- (R.M. SAVANT, J.) (S.B. MHASE, J.)