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CHAMAN LAL ANGRA & ANR versus THE STATE OF PUNJAB & ORS

High Court of Punjab and Haryana, Chandigarh

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Chaman Lal Angra & Anr v. The State of Punjab & Ors - CWP-2274-1996 [2006] RD-P&H 2505 (24 April 2006)

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH

CWP No.2274 of 1996

Date of Decision: 3.05.2006

Parties Name

Chaman Lal Angra and another

Petitioners

versus

The State of Punjab and others

Respondents

CORAM:- HON'BLE MR. JUSTICE JASBIR SINGH
Present: Shri M.S.Bedi, Advocate for the petitioners Shri Ashwani Prashar, Advocate

JUDGMENT

Petitioners are members of erstwhile Nawanshahar Urban Cooperative Bank Limited, Nawanshahar. Vide order, under challenge, the said bank was ordered to be amalgamated with respondent No.5 the Citizen Urban Cooperative Bank Limited, Jalandhar. It is an admitted fact that there were more than 1000 members of Nawanshahar Urban Cooperative Bank Limited, Nawanshahar and out of them only two, the petitioners are aggrieved by the amalgamation. It is apparent from the records that objections filed by the petitioners and some other members were taken note of and decided by the competent authority. In view of provisions of Section 13 of the Punjab Cooperative Societies Act, 1961, the only right which is available to the petitioners is that they can claim refund of their share, as the amalgamation has been accepted by approximately all members of the earlier bank. No case is made out to set aside the same at the instance of the petitioners.

Dismissed.

May 03, 2006 ( Jasbir Singh )

gk Judge


Copyright

Reproduced in accordance with s52(q) of the Copyright Act 1957 (India) from judis.nic.in, indiacode.nic.in and other Indian High Court Websites

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