M/S. Ambika Food Industries, Pvt. Ltd v. Stressed Assets Recovery Branch,

THE HON'BLE SRI JUSTI CE SANJAY KUMAR AND THE HON'BLE SRI JUSTI CE GUDI SEVA SHYAM PRASAD WRI T PETI TI ON No. 14409 of 2016 ORDER: (per Hon'ble Sri Justice Sanjay Kumar) This writ petition was filed assailing the action of the Stressed Assets Recovery Branch, State Bank of India, in issuing e-auction notice dated 16.03.2016 and the consequential proclamation of sale notice dated 16.03.2016 proposing to put the property of the petitioner to sale on 28.04.2016.

It is now represented by Sri P. Rama Sharana Sharma, learned counsel for the State Bank of India, that the loan account in relation to which the aforestated proceedings were initiated was thereafter closed. In that view of the matter, the cause in this writ petition does not survive for consideration.

The Writ Petition is accordingly dismissed. Interim order dated 27.04.2016 shall stand vacated. Pending miscellaneous petitions, if any, shall also stand dismissed. No order as to costs. ____________________________ JUSTI CE SANJAY KUMAR Date: 11.07.2017 ______________________________________ JUSTI CE GUDI SEVA SHYAM PRASAD va