:1: :1: :1: FARAD CONTINUATION SHEET IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL CIVIL CIVIL APPELLATE JURISDICTION APPELLATE JURISDICTION APPELLATE JURISDICTION WRIT PETITION NO. 1220 OF 2008 -------------------------------------------------------------------------- Office Notes, Office Memoranda of Coram, appearances, Court’s orders Court’s or Judge’s or directions and Registrar’s Orders Orders -------------------------------------------------------------------------- Milind D.Parab, Adv. for the petitioners. None for the respondents. CORAM: S.C.DHARMADHIKARI, J. DATED: 25TH FEBRUARY,2008. P.C. P.C. P.C. : : : 1. There is no reason to interfere with the orders under challenge which have been passed by the Authorities designated under the Maharashtra Co-operative Societies Act, 1960. 2. By the orders under challenge, the Authorities have held that the petitioners have not complied with the requirement stipulated by Section 73(1)(AB) but have rather defaulted in complying with the same. The Indemnity Bond as :2: :2: :2: contemplated under these provisions has not been furnished admittedly within the time stipulated by law. In such circumstances, the Managing Committee could not have continued in power and therefore was rightly superseded. The supersession has been upheld by the Appellate Authority as well. That the Indemnity-Bond was not furnished is undisputed. In such circumstances, there is no reason to interfere. Petition dismissed. However, that by itself does not mean that the Authorities, so also, this court have approved the conduct of the subject member/complainant in allegedly refusing to pay the monthly charges. The Society continues to exist and it can take appropriate steps to recover these sums and merely because the impugned orders are upheld, does not mean that the liability ceases in any manner. With this clarification, additionally there is no reason to interfere. Petition disposed off. No costs. sd/- ******