On a writ petition challenging the finalization of an auction and registration of a sale deed by the State Bank of India for a consideration below market value, the Court, noting a pending petition before the Debt Recovery Tribunal and the petitioner's absence, found no inclination to interfere and dismissed the petition.
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1
HIGH COURT OF ANDHRA PRADESH : AMARAVATI
CHIEF JUSTICE J.K. MAHESHWARI
&
JUSTICE K. SURESH REDDY
WRIT PETITION No.18044 of 2019
(Taken up through video conferencing)
Avirneni Srinivasa Syam Sunder, S/o Ammannappa Rao, aged about 42 years, Occ: Advocate, R/o Flat No.S3, Sree Towers, H.No.54-16-18A, Srinagar colony, Vijayawada, Krishna District.
.. Petitioner.
Versus
State Bank of India rep., by its Authorized officer, Main Branch, Jaggayyapet, Krishna District and another.
..Respondents.
Counsel for the petitioner : Sri MD. Saleem
Counsel for respondent No.1 : Sri Venkata Rama Rao Kota
ORAL ORDER
Dt: 08.09.2020
per J.K. Maheshwari, CJ
Learned Counsel for the petitioner is not present.
Sri Venkata Rama Rao Kota, counsel for respondent No.1.
2
under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
J.K. MAHESHWARI, CJ K. SURESH REDDY, J
Nn.
3
CHIEF JUSTICE J.K. MAHESHWARI
&
JUSTICE K. SURESH REDDY
WRIT PETITION No.18044 of 2019 (per J.K. Maheshwari, CJ)
Dt: 08.09.2020
Nn
2 issues framed by the court
Whether this Court should interfere in the auction proceedings finalized by the 1st respondent where the auction consideration was less than the market value and documented in favor of the 2nd respond
Whether relief is available under Article 226 of the Constitution of India in view of the pending petition before the Debt Recovery Tribunal.
Avirneni Srinivasa Syam Sunder
State Bank of India
J.K. Maheshwari
K. Suresh Reddy
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
