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VELIMUKKU SERVICE CO-OPERATIVE BANK v. THE ASSISTANT REGISTRAR OF - OP No. 15061 of 2003(R)  RD-KL 10838 (20 June 2007)
IN THE HIGH COURT OF KERALA AT ERNAKULAMOP No. 15061 of 2003(R)
1. VELIMUKKU SERVICE CO-OPERATIVE BANK
1. THE ASSISTANT REGISTRAR OF
2. P.SAKEENA, D/O. P.ABDURAHIMAN,
For Petitioner :SRI.S.V.BALAKRISHNA IYER
For Respondent :SPL.GOVT.PLEADER
The Hon'ble MR. Justice KURIAN JOSEPH
O R D E RKURIAN JOSEPH J. O.P. Nos. 15039, 15061 & 15122 OF 2003 Dated 20th June, 2007.
J U D G M E N T
These writ petitions are filed at the instance of a Service Cooperative Bank which is aggrieved by the interim orders passed by the Arbitrator under Section 69 of the Kerala Cooperative Societies Act, 1969. By the impugned orders, the Arbitrator refused to implead the former Secretary of the petitioner Bank in the arbitration cases. It is the stand of the petitioner that the former Secretary, viz., Sri.Devadas is personally responsible for the misappropriation and hence he is a necessary party in the arbitration proceedings. The Arbitrator observed that in case the Bank is of such a view, it is for the Bank to proceed against the said Secretary independently and in the arbitration proceedings initiated at the instance of the depositors, the said Secretary is not a necessary party. It is also to be seen that the Arbitrator has only passed interim orders. If ultimately the petitioner Bank is aggrieved by the award, the Bank can take up all available contentions in pursuing the grievances in appropriate proceedings at that time. In OP NO. 15039/03 & connected cases 2 that view of the matter, it is not necessary to stall the proceedings before the Arbitrator. Therefore, without prejudice to the liberty to the petitioner as above, these writ petitions are dismissed. The Arbitrator shall dispose of the arbitration cases within four months from the date of receipt of a copy of the judgment.
KURIAN JOSEPH, JUDGE.tgs
KURIAN JOSEPH, J.O.P. Nos.15039, 15061 & 15122 OF 2003
J U D G M E N T
Dated 20th June, 2007. OP NO. 15039/03 & connected cases 4
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