KOCHI: The Kerala High Court on Wednesday declined to stay the Co-operative Societies Ordinance-2012 dissolving the director boards of district cooperative banks and appointing administrators to manage the affairs of the banks. Justice P N Ravindran passed the order while considering a batch of petitions seeking a directive to quash the ordinance. The petitioners contended that the ordinance was illegal and arbitrary. They also submitted that it was brought out with a mala fide intention to topple the existing director boards of the banks and put them under the control of the UDF Government. They further submitted that they were elected to the director board in 2010 and their term would end only on July 21, 2013. “Besides, the ordinance has not been published in the gazette so far though it was approved by the Cabinet,” they said. The court, however, said that the petitioners were not entitled to get thestay order.“The question whether the pre-conditions to the exercise of power under Article 213 were fulfilled in the case on hand or not, cannot therefore be decided at this stage,” the court said.
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