CW 6239/10 //1// In the High Court of Judicature for Rajasthan Jaipur Bench ** Civil Writ Petition No.13414/2010 Dhruv Narain Purohit & Ors Versus Registrar Co-Operative Societies Rajasthan Jaipur & Ors Date of Order ::: 18/10/2010 Hon'ble Mr. Justice Ajay Rastogi Mr. BL Sharma, for petitioners All the petitioners are share holders of Rajasthan Urban Co-operative Bank Ltd., and their joint grievance is that the decision has been taken by Executive Committee in its meeting held on 27/08/2009, to return share capital of State Government, which according to petitioners is contrary to Cl.14 of the bye-laws of Rajasthan Urban Co-operative Bank. Counsel submits that once share capital of State Government is refunded, there will be no check & balance and the Bank will exercise its powers at its own whim and caprice in extending cash/credit facilities to the individuals, that will hamper larger interest of its members. The decision to return share capital of State Government having been taken by the Executive Committee in its meeting held on 27/08/2009 and according to petitioners' own saying, it is still pending consideration with the State Government; and the share capital has not been refunded to the State Government, as yet; and the petitioners who are alleged to CW 6239/10 //2// be members of the Rajasthan Urban Co-operative Bank, if feel aggrieved by Resolution No.12 of the Bank's Executive Committee in its meeting held on 27/08/2009, they are at liberty to raise their written objections to the Registrar, Co-operative Societies, as well apprising their problems which the members are going to face if share capital as resolved by the Executive Committee in its meeting held on 27/08/2009 is refunded to State Government. If such a representation is filed, it is expected that the Registrar Co-operative Societies may independently examine and objectively decide the same in accordance with law. With the observations (supra), writ petition stands disposed of. (Ajay Rastogi), J. K.Khatri/p2/ 13414CW2010Oct18Ds.doc