1 13.wp10674.11 ast IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 10674 OF 2011 Parshwanath Co-op. Bank Ltd. & ors. ....Petitioners. Vs. Commissioner of Co-operation and Registrar for Co-op. Societies and ors. ....Respondents Mr. Amit Borkar, Advocate for Petitioners. Mr. R.M. Patne, AGP for Respondent Nos. 1 and 2. CORAM:- GIRISH GODBOLE, J DATED:- DECEMBER 12, 2011 P.C. Not on board. Upon production taken on board. 2. Leave to amend and substitute Exh. D. 3. Rule. Rule made returnable forthwith by consent. 4. Heard Mr. Borkar, Advocate for Petitioners and Mr. Patne, AGP for Respondents. It is not in dispute that the Petitioner has filed a revision application under section 154 of the M.C.S. Act, 1960 alongwith stay application on 2/12/2011 before the State Government. However, the stay 2 13.wp10674.11 application has not been heard, is the grievance of the Petitioners. 5. The order of Commissioner for Cooperation and Registrar of Cooperative Societies, Pune directs the Auditor to file prosecution against the Petitioners/Directors. The Petitioners apprehend that if the Order is not stayed, there will be a run on the bank and the Bank which is presently operating in profit will be faced with severe difficulties. 6. Considering this fact and the fact that Revision Application is pending, this Petition is being disposed off by directing the Hon'ble Minister for Cooperation to hear and decide the Stay Application in the revision filed by the Petitioners on or before 20/1/2012. Till 27/1/2012, the Order/Letter dated 24/8/2011 passed/issued by the Commissioner Cooperation and Registrar of Cooperative Societies Exh. B to this Petition directing prosecution of the Petitioners shall not be implemented. All contentions of the parties are kept open. Rule is partly made absolute in the aforesaid terms with no order as to costs. (GIRISH GODBOLE, J)