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14. Briefly stated the facts are:-

15. A complaint was field by the respondents herein to the effect that the Central Cooperative Bank is governed by the provisions contained in the Gujarat Cooperative Societies Act, 1961 and the Rules framed thereunder. It is further alleged that the Mehsana District Central Cooperative Bank had violated the provisions contained in Section 71 of the Gujarat Cooperative Societies Act by investing large sums in undertakings other than those enumerated in Section 71(a) to (f). Consequently, the Mehsana District Central Cooperative Bank had lost substantial amount. Though the matter had been brought to the notice of the State Government, Registrar of Cooperative Societies and the District Registrar, no action had been initiated against the Mehsana District Central Cooperative Bank and the Members of the Board of Directors. A prayer was also made for issuance of a writ of mandamus directing the authorities under the Gujarat Cooperative Societies Act to initiate necessary proceedings against the respondents appellants herein for having committed breach of the provisions contained in Section 71 of the Act. It was further alleged that the Mehsana District Central Cooperative Bank had invested a sum of Rs. 95 crores in four different establishments which do not fall within the ambit of institutions enumerated in Section 71(a) to (f) of the Act without the approval of the State Government or the appropriate authority.