THE HON'BLE SRI JUSTICE N.V.RAMANA AND THE HON'BLE SRI JUSTICE P.DURGA PRASAD W.P.NO.9078 of 2011 ORDER: (Per. Hon’ble Sri Justice N.V.Ramana) This Writ Petition is filed seeking a Writ of Mandamus declaring the proceedings Rc.No.2634/ 2010/D2 dated 21.12.2010 issued by the 3rd respondent, as illegal and arbitrary and consequently sought for a direction to the respondents not to auction the property of the petitioner or the guarantors admeasuring 240 square yards in Sy.Nos.465/3 and 465/6 situated at Raghunathapuram village, Tekkali Mandal, Srikakulam District. While admitting this writ petition, this Court, on 07.04.2011, granted interim stay of impugned proceedings subject to the condition of the petitioner depositing an amount of Rs.6,00,000/- within a period of four weeks from that date and further made it clear that if the petitioner fails to pay the said amount within the stipulated time, the respondent-bank is at liberty to proceed against the petitioner in accordance with law. Learned Counsel for the parties have conceded to the fact that the interim order of this Court dated 7.04.2011 stands un-complied. Since the petitioner did not comply with the interim order of this Court, we find no justification to continue the interim order. Accordingly, the interim order granted by this Court, on 07.04.2011, is hereby vacated. At this stage, the learned Counsel for the petitioner submits that the petitioner is ready to pay the entire dues towards loan and settle the matter, for which the respondents are not averse. In view of the above consensus between the parties, this writ petition is dismissed. It is needless to mention that if fresh cause accrues and if the petitioner so chooses he is at liberty to proceed in accordance with law. No order as to costs. ________________________ JUSTICE N.V.RAMANA __________________________ JUSTICE P.DURGA PRASAD 19.08.2011 Gsn