M/S.Kanakadurga Cotton Company v. Karnataka Bank Ltd

HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD (Special Original Jurisdiction) I\IONDAY, THE ELEVENTH DAY OF APRIL TWO THOUSAND AND TWENTY TWO PRESENT THE HON'BLE SRI JUSTICE UJJAL BHUYAN AND THE HON'BLE MRS JUSTICE SUREPALLI NANDA WRIT PETITION NO: 28768 OF 2021 Between:

M/s.Kanakadurga Cotton Company, Rep.by its Partners Sri Elluru Hariprasad, S/o.E.Suryanarayana Setty, Aged 53 years,. Occ. Business, Sy.No.1B0/3A, Parvathapuram Road, Adoni, Kurnool District518301 , A.P. pETtTtoNER AND Karnataka Bank Ltd, Asset Recovery Management Branch, Plot No.50, Srinagar Colony, Road No.3, Baniara Hills, Hyderabad-s00 073, rep.by Authorizf;E$SfiBL_, Petition under Article 226 ot the Constitution of lndia praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue a Writ Order or direction more particularly one a Writ of Mandamus or any other appropriate Writ declaring the order dl. 14.09.2021 passed by the Debts Recovery Tribunal - ll, Hyderabad in l.A. No. 143012021 in S.A. No.

12212021 as being Arbitrary, illegal, and highhanded and against the principles of natural justice and against the intention of enacting SARFAESI Act, 2002 and consequently direct the Respondent not to take any coercive steps against the S.A. schedule property lA NO: 1 OF 2021 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to direct the * Respondent Bank not to take any coercive steps pursuant to the sale notice dt. 16.O8.2021 , including disposing the Petitioner pending disposal of the above Writ Petition Counsel for the Petitioner: SRI V. MURALI MANOHAR Counsel for Respondent: SRI P.

HONOURABLE SRI JUSTICE UJJAL BHUYAN And HONOURABLE SRI JUSTICE SUREPALLI NANDI\ WRIT PETITION No.28768 of 2O2l ORDER:( Per Hon'ble Sri Justice Ujjal Bhuyan) Heard Mr.Murali Manohar, learned counsel for the petitioner submits that petitioner would like to withdraw the writ petition.

3.

In view thereof, Writ Petition is dismissed as withdrawn. Miscellaneous applications, if any, pending in this writ petition shall stand closed.

SD/. MOHD. SAI{AULLAH ANSARI ASSIST REGISTRAR I \.,'

//TRUE COPY// SE OFFICER To 1.

2.

3.

4.

MBC One CC to Sri V Murali Manohar Advocate tOPU-Cl-- on; Ca to Sri P Veerabhadra Rao Advocate IOPUC] Two CD CoPies One Spare CoPY PS {

L HIGH COURT DATED: 1110412022 I I

ORDER

WP.No.2i3768 ot 2021 I :\ 16 sEP 294 DISMISSING THE WRIT PETITION AS VI/ITHDRAWN, WITI-IOUT COSTS