1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT NAGPUR WRIT PETITION NO. 2587/1999 Smt. Vimlabai Narayandas Sharma and others ..versus.. The Washim Urban Co.Op. Bank Ltd. and others =-=-=---=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Office Notes, Office Memorandum of Coram appearances, Court's orders of directions & Registrar's orders. Court's or Judges Order =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-== Shri C.S.Kaptan, counsel for the petitioners Shri A.S.Mehadiya, counsel for respondent nos. 1 & 2. . C ORAM : K.U.CHANDIWAL, J. DATED : 30th JUNE, 2010. Heard Mr. Kaptan, learned counsel for the writ petitioners and Mr. Mehadia, learned counsel for resondent nos. 1 and 2. Rule was issued on 8.12.1999. 2) The petitioners challenged the certificate issued under Section 101 in a Dispute bearing No. 54/89-90, dated 1.5.1990, recorded by the learned Assistant Registrar, Cooperative Societies, Washim, in favour of the Bank, to be an unexecutable order/certificate under the law. 3) After exhaustively arguing the matter, Shri Kaptan, in the light of judgment of the Division Bench of this Court in the matter of Vasundhara Ashokrao Patil vs. Rajaram Bapu Sahakari Bank Ltd., Sangli and others ( 2003 (4) Mh.L.J., 315), informs that the writ petitioners shall 2 exhaust his remedy by way of revision under Section 154 of the Maharashtra Cooperative Societies Act (24 of 1961). The learned counsel also informs that the guarantor Narayandas Shara expired on 12th October, 1987, while the certificate was issued on 1st May, 1990. 4) The writ petition is allowed to be withdrawn with an opportunity to take the proceedings under Section 154 of the above referred Act. The time lagged in between the date of order and the present proceedings will be informed to the concerned authorities by the writ petitioners. Such authority will independently decide the same on its own merits. 5) There operated a stay to the execution of the award/ certificate under challenge, to the extent of the writ petitioners by order dated 8th December, 1999, the same is continued/extended upto 2nd August, 2010. This court has not expressed any opinion on the merits of the matter. (K.U.Chandiwal) JUDGE. Rvjalit