MD. JAINUDDIN Vs. STATE OF JHARKHAND

JUDGEMENT

(1.) HEARD learned counsel for the parties. These thirteen writ petitioners have challenged the notice issued by the respondent nos. 8 to 10 for recovery of the loan amount on the basis of Kisan Credit Card (Agriculture Loan) which, according to the petitioners themselves, involves principal amount sanctioned above Rs. 10,000/ - taken in the year 2000 -2001 for the purpose of development, of agriculture purposes and sanctioned by the Dumka Central Cooperative Bank Limited, Dumka Branch -Sahebganj. Petitioners seek waiver of the aforesaid loan in view of the policy decision of the State Government.

(2.) LEARNED counsel for the petitioners relies upon the letter dated 10.02.2006 (annexure -3) issued by the District Cooperative Officer, Sahebganj to the Managing Director, Dumka Central Cooperative Bank Ltd. Dumka and submits that the respondent District Cooperative Officer has deposited the entire amount of liability against the loan as sought for by the Bank totaling Rs. 511.25 lakhs and Rs. 14.99 lakhs also have been deposited for complying the scheme of waiver as decided by the State Government under its policy decision i.e. Cooperative Agriculture Loan Waiver Scheme 2003.