The petitioner questioned steps taken by the respondent Bank under the SFA to sell properties. Upon hearing, the Court noted the borrower had settled the account, rendering the writ petition infructuous and dismissed it.
Writ Petition dismissed as infructuous on the ground of account settlement.
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THE HON’BLE SRI JUSTICE R. SUBHASH REDDY AND THE HON’BLE SRI JUSTICE A. SHANKAR NARAYANA
WRIT PETITION No.7036 OF 2014
ORDER: (Per Hon'ble Sri Justice R. Subhash Reddy)
This Writ Petition is filed questioning the steps taken by the respondent – Bank under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 to sell the property bearing H.No.5-87-21, 2nd lane, Lakshmipuram Road, Guntur.
When the matter is taken up for hearing, it is submitted that the original borrower has already settled the account and as such, the subject matter of this Writ Petition has become infructuous.
Recording the same, the Writ Petition is dismissed as infructuous. Miscellaneous Petitions, if any, pending in this Writ Petition, shall stand closed. No costs.
R. SUBHASH
REDDY, J
___________________________
A. SHANKAR
NARAYANA, J January 20, 2016 MD
Petitioner
Bank
Subhash Reddy
Shankar Narayana
As recorded by the court registry
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