M/S Ravali Industries Pvt Ltd v. The State Bank Of India

THE HON'BLE SRI JUSTI CE SANJAY KUMAR AND THE HON'BLE SRI JUSTI CE P.KESHAVA RAO WRI T PETI TI ON NO.16548 OF 2019 ORDER: (per SK,J) Sri P.Pandu Ranga Reddy, learned counsel for the petitioner, seeks leave to withdraw the writ petition reserving liberty to the petitioner to file a fresh case in accordance with law in the light of the assertion made by Sri M.Srikanth Reddy, learned counsel for the respondent State Bank of India, that the proposed auction is not being undertaken under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

2.

Leave granted.

3.

The writ petition is accordingly dismissed as withdrawn with the liberty aforestated. Pending miscellaneous petitions, if any, shall also stand dismissed. No order as to costs.

________________ SANJAY KUMAR,J _______________ P.KESHAVA RAO,J Date:05.08.2019 KL