1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH : NAGPUR WRIT PETITION No. 554/2010. ( M/s. Laddha Brothers -: versus :- The Akola Janta Commercial Bank Ltd. ) Office Notes, Office Memoranda of Coram, appearances, Court's orders Court's or Judge's orders or directions and Registrar's orders. CORAM : B.P. DHARMADHIKARI, J. DATED : FEBRUARY 4, 2010. Heard Shri Arun S. Agrawal, learned counsel for petitioners. Contention is, as proceedings under Section 84 of the Multi State Cooperative Societies Act, overlaps the proceedings for recovery under Securitization Act, because of Doctrine of Election the proceedings under Section 84 could not have been entertained and hence the impugned order passed below Exh.18 by the learned Arbitrator is misconceived. Reliance is being placed on paragraph no.46 of the judgment of Hon'ble Apex Court reported at 2006 [12] Scale 585 (M/s. Transcore .vrs. Union of India and another). I find that the Arbitrator has considered the challenge and has also recorded that simultaneous proceedings in the matter are permissible. The proceedings under Securitization Act are not proceeding further. I do not find anything wrong at this stage with the interlocutory order 2 passed by the Arbitrator, however, with liberty to the petitioner to challenge said issue again if contingency arise, Writ Petition is disposed of. No cost. JUDGE Rgd.