(1.) THIS order shall dispose of CRM-M No. 48058 of 2002 and CRM-M No. 25093 of 2003.
(2.) I have heard the learned Senior counsel for the petitioner and the learned State counsel.
(3.) SURINDER Pal Singh Chhina-petitioner was nominated as a Managing Director of the Central Cooperative Bank, Amritsar (for short 'the Bank') on 8.5.1997 and was, thereafter, elected as a Director of the Bank on 22.4.2000. The allegations against the petitioner are that he had misappropriated and mis- utilised funds of the Bank in an illegal manner and had also received illegal gratification for employment of various persons to different posts in the bank, while he was posted as Managing Director of the Bank.