THE HON'BLE Ms. JUSTICE G.ROHINI WRIT PETITION No. 7445 OF 2003 Dated: 23.09.2010 Between: Visakhapatnam Co-operative Urban Bank Limited ..... PETITIONER AND Prudential Co-operative Urban Bank Limited and others .....RESPONDENTS The Court made the following : THE HON’BLE Ms. JUSTICE G.ROHINI WRIT PETITION No. 7445 OF 2003 ORDER: This writ petition is filed seeking a declaration that the action of the 1st respondent-Prudential Co-operative Urban Bank Limited in not paying the proceeds of the Fixed Deposits made by the petitioner-Bank, is arbitrary and illegal. Though there is no appearance on behalf of the 1st respondent- Bank, in the counter affidavit filed by the 4th respondent it is stated that the Reserve Bank of India by proceedings dated 21.03.2003 requested the 4th respondent-Registrar of Co-operative Societies to make an order for supercession of the Board of Directors of the 1st respondent-Bank and to appoint an Administrator in terms of the provisions of clause (iii) of Section 115-B of the Andhra Pradesh Co-operative Societies Act, 1964 (for short, ‘the Act’) with a view to secure proper management in the Bank. Accordingly, the 1st respondent-Bank was superceded and an Administrator was appointed under Section 36-A of the Andhra Pradesh Mutually Aided Co-operative Societies Act, 1995 read with Section 115-B (iii) of the Act vide proceedings of the 4th respondent dated 25.03.2003. In view of the subsequent events, the relief as prayed for cannot be granted and accordingly, the Writ Petition is disposed of, leaving it open to the petitioner to workout the appropriate remedies as available under law for redressal of his grievance in view of the order of supercession passed against the 1st respondent-Bank. No costs. ___________ G. ROHINI, J Date: 23.09.2010 Ivd