Dismissed

vallabhu Sriramulu, v. The Bantumulli Pa.C.S

Telangana HC26 Aug 2015WA/810/2015

Case brief

AI extract

What is this about?

The Writ Appeal regarding a loan dispute was dismissed as withdrawn. The Court granted the appellants eight months to repay the outstanding loans in monthly installments, conditioned upon filing of undertakings within two weeks. Liberty was given to approach the Bank for interest reduction.

What did the court decide?

Appeal dismissed as withdrawn; appellants granted eight months to repay loans in instalments subject to filing of undertakings.

vallabhu Sriramulu, Vs The Bantumulli Pa.C.S — Banking and Recovery | Telangana HC (2015)

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IN THE HIGH COURT OF JUDICATURE AT HYDERABAD FOR THE STATE OF TELANGANA AND THE STATE OF ANDHRA PRADESH

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HON’BLE THE ACTING CHIEF JUSTICE DILIP B. BHOSALE AND

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HON’BLE SRI JUSTICE S.V. BHATT

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WRIT APPEAL No. 810 OF 2015

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Date: 26.08.2015

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Between:

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Vallabhu Sriramulu & others.

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… Appellants

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And

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The Bantumilli P.A.C.S., rep., by its Executive Officer, Krishna District & others.

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… Respondents

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HON’BLE THE ACTING CHIEF JUSTICE DILIP B. BHOSALE AND HON’BLE SRI JUSTICE S.V. BHATT

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WRIT APPEAL No. 810 OF 2015

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PC: (per the Hon’ble the Acting Chief Justice Dilip B. Bhosale)

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Sri T. Lakshminarayana, learned counsel for the appellants, after arguing the appeal for sometime, prays for withdrawal of the appeal and seeks extension of time to the appellants for repayment of the outstanding loans. He also seeks liberty to the appellants to approach the respondent – Bank for seeking reduction of interest amount.

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Learned counsel appearing for the 1^st respondent society has no objection for granting some reasonable time.

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In view of the submissions of the learned counsel for the parties, we dispose of the appeal by the following order:

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“1. Appeal is dismissed as withdrawn with liberty as prayed.

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2. The appellants are granted eight months time to repay the outstanding loans in monthly instalments, subject to their filing of undertakings in this Court that they shall repay the loans, as aforementioned, within eight months from today, within a period of two weeks from today with an advanced copy thereof to the advocate for the 1^st respondent society.

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3. It is open to the appellants, if they so desire, to approach the Bank for seeking reduction of the interest amount and if any such representation is made within a period of one week from today, we hope and trust that the Bank shall consider the same within a period of two weeks therefrom.”

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Miscellaneous petitions, if any, shall also stand disposed of.

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_________________________ DILIP B. BHOSALE, ACJ

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________________________ S.V. BHATT,

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J Date: 26.08.2015 ES

vallabhu Sriramulu, v. The Bantumulli Pa.C.S

Case brief

What is this about?

What did the court decide?

vallabhu Sriramulu, v. The Bantumulli Pa.C.S

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

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