61,420/ to Krishna Prasad Co operative Society, Rs.
The validity of this decision is challenged before us by the appellant Bank.
Three such companyoperative societies had applied to the appellant bank for loans and on the recommendation of the first respondent in these appeals, who at the relevant time was employed as Secretary of the Bank, various sums were advanced to these companyoperative societies Rs.
C. Gupta, J. These three appeals by special leave arise out of three proceedings under Section 68 of the Orissa Co operative Societies Act, 1962 hereinafter referred to as the Act .
The appellant in all these appeals, Nayagarh Co operative Central Bank Ltd., is registered as a companyoperative society under the Act and has among its objects raising funds of for financing companyoperative societies registered under the Act and affiliated to it, besides carrying on the general business of a bank.
