In the counter-affidavit filed by the Sub-Divisional Cooperative Officer, Nuzvid, Krishna District - respondent No.1, it is inter alia stated that respondent No.2 was liquidated in the year 1989, that under Section 64 of the Andhra Pradesh Cooperative Societies Act, 1964 (for short ‘the Act’), the assets of the society have to be realised and liabilities are to be discharged and that respondent No.2 has a godown consisting of 16 rooms along with site situated at Athkuru Village, Unguturu Mandal, Krishna District in R.S.No.663 admeasuring Ac.0.19 cents. It is further averred that the Government has sanctioned and disbursed share capital contribution of Rs.25,000/- in the year 195859, Rs.5,000/- towards loan in the year 1959-60 and a further sum of Rs.20,000/- was disbursed on 10.07.1959 towards Government loan and that all these liabilities are to be discharged and in order to realise the value of the assets and discharge the liabilities, the sale of assets of respondent No.2 was proposed through public auction.