====================================================== 1. Bihar Asainik Seva Swabalambi Sahkari Grih Nirman Samiti Limited, Magistrate Colony, Patna - 800025 Through Its President Sri Raghu Nandan Prasad Son Of Late Kashi Nath Prasad Resident Of House No.- 48/B-26, Road No. - 2a, Magistrate Colony, P.O.- Ashiyana Nagar, P.S. Rajeev Nagar, District - Patna - 800025 (Bihar) .... .... Petitioner/s Versus 1. The Chairman Cum M.D.,Bank Of India, Head Office , Star House, Bandra Kurla Ccomplex C-5-G Block, Bandra (East), Mumbai - 460051 2. The Zonal Manager, Bank Of India, Fraser Road, Patna , (Bihar) 3. The Regional / Chief Manager, Bank Of India, Regional Office, Chanakya Tower, 'R' Block, Patna - 800001 (Bihar) 4. The Branch Manager, Bank Of India, Ashiyana Ram Nagari Branch, Ram Nagari, P.O. - Rajeev Nagar, District - Patna - 800025 (Bihar) 5. Ombudsman, Banking Ombudsman Office (Bihar - Jharkhand), Reserve Bank Of India 2nd Floor, South Gandhi Maidan, Patna - 800001 (Bihar) 6. The Union Of India Through The Secretary Of Finance , New Delhi - 1 .... .... Respondent/s ====================================================== Appearance : For the Petitioner/s : Mr. Daya Shanker Prasad For the Union of India : Mr. P.L. Jaiswal, CGC For Bank of India : Mr. Ajay Kumar Sinha ====================================================== CORAM: HONOURABLE JUSTICE SMT. SHEEMA ALI KHAN ORAL ORDER
26-04-2012
Heard Counsel for the parties.
The petitioner is aggrieved by the action of the Branch Manager, Bank of India, Ashiyana Ram Nagari Branch, Ram Nagari, Rajeev Nagar, District Patna whereby he has kept on hold a cheque issued by the President of the Bihar Asainik Seva Swabalambi Sahkari Grih Nirman Samiti Limited. The ground for withholding the said cheque, according to the Counsel for the Bank of India, is that an election petition has been filed before the Co-operative
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Tribunal, challenging the election of the newly elected
committee. It is apprehended by the Bank that the newly elected committee would misutilize the funds and on that ground, has withhold the withdrawal of the money by the cheque in question. The petitioner is the President of the newly elected committee of Bihar Asainik Seva Swabalambi Sahkari Grih Nirman Samiti Limited, which was notified by the District Cooperative Officer. The petitioner has also appeared in the election case before the Tribunal, but there is no order of injunction of any sort in favour of outgoing committee. This Court also apprehended misuse the funds, and therefore asked the Counsel for the petitioner
to give an
undertaking that he would not be misutilizing the funds, and
also asked him to disclose the reasons as to why he wishes to transfer the entire money from the Bank of India to the Canara Bank. By an affidavit filed on 24.04.2012, the following undertaking has been given on behalf of the petitioner. I do hereby undertake, that the huge amount lying in deposit as against S.B. A/c No. 443710100002830 of the said
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samiti shall on its withdrawal from the said Branch of Bank of
India be made over and deposited in Canara Bank, Raja Bazar Branch or any nationalized Banking sector in terms of fixed deposit where the samiti may be fetching more dividends by way of higher interest @ 9.75 % per annum or more that they likely to be offered by any other Banking sector as the case may be, which has since been withheld illegally at the callous hand of the said Branch Manager, Ram Nagari Branch, Bank of India vis--vis the said money of the samiti shall always be taken care and be utilized in the interest of its society vis BASSMS ltd. And not otherwise. In view of the undertaking given by the petitioner, this Court finds that the apprehension of the Branch Manager, Bank of India is unfounded. The Bank is directed to release the money, if a fresh cheque is issued by the concerned President/Secretary of the Bihar Asainik Seva Swabalambi Sahkari Grih Nirman Samiti Limited. This writ application is allowed to the extent indicated aforesaid.