ARUN B. KHANJIRE vs THE ICHALKARANJI URBAN COOP. BANK .

The Supreme Court addressed the interpretation of Section 154(2A) of the Maharashtra Co-operative Societies Act, 1960, determining that the revisional powers can be exercised suo motu by the Divisional Joint Registrar. The Court held that the High Court's conclusion regarding the inapplicability of these powers was erroneous, affirming the validity of the order passed by the Divisional Joint Registrar. Consequently, the Special Leave Petition was allowed, reinstating the order of the Divisional Joint Registrar.