(1.) Leave granted in S.L.P. (C) No. 1096 of 2004.
(2.) The basic fact of the matter is not in dispute.
(3.) Co-operative Societies and Land Development Banks constituted and registered in the State of Tamil Nadu used to be governed under Tamil Nadu Co-operative Societies Act, 1961 (for short "the 1961 Act") and the Tamil Nadu Land Development Banks Act, 1934. The State framed rules under the 1961 Act known as Madras Co-operative Societies Rules, 1963.