M/S. Turbomachinery Engineering Industries Ltd., v. The State Bank Of India,

THE HON'BLE SRI JUSTI CE SANJAY KUMAR AND THE HON'BLE MS. JUSTI CE J. UMA DEVI WRI T PETI TI ON No.28382 of 2017 ORDER: (per Justice Sanjay Kumar) This writ petition was filed assailing the action of the State of Bank of India in issuing e-auction sale notice dated 31.07.2017 under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

We are now informed by Sri M. Narender Reddy, learned senior counsel appearing for Sri M.Srikanth Reddy, learned Standing Counsel for the respondent bank, that the auction proposed to be held under the impugned auction sale notice came to naught for want of bidders. In that view of the matter, challenge to the impugned e-auction sale notice dated 31.07.2017 is rendered purely academic and does not warrant consideration on merits.

The writ petition is accordingly dismissed leaving all issues open. Pending miscellaneous petitions, if any, shall also stand dismissed. No order as to costs.

__________________________ SANJAY KUMAR, J ___________________________ J. UMA DEVI , J Date: 30.10.2017 IBL