THE HONOURABLE SRI JUSTICE GODA RAGHURAM AND THE HONOURABLE SRI JUSTICE NOUSHAD ALI W.P.NO. 3567 of 2010 19-03-2010 BETWEEN; Yarlagadda Yogeswara Rao ...Petitioner vs. Indian Bank, rep. by its BranchManager, Vijayawada and another ...Respondents THE HONOURABLE SRI JUSTICE GODA RAGHURAM AND THE HONOURABLE SRI JUSTICE NOUSHAD ALI W.P.NO.3567 of 2010 ORAL ORDER: (Per GR,J) The writ petition is directed against the sale processes initiated by th 1st respondent-Bank by issuing notices dated 09-01-2010 under Rule 8(6 of the Security Interest (Enforcement) Rules,2002 and an earlier notic dated 24-11-2009 issued under Section 13(4) of the Securitisatio and Reconstruction of Financial Assets & Enforcement of Security Interes Act, 2002 (for short “the 2002 Act”). In Para.6 of the writ petition, th petitioner states to have approached the Debts Recovery Tribuna Visakhapatnam Bench by way of S.A.No.44 of 2010, under Section 17 o the 2002 Act, on 10.02.2010 assailing the proceedings initiated b the 1st respondent under Section 13(4) of the Act. Th petitioner also filed I.A.No.105 of 2010 therein seeking stay of all furthe proceedings pursuant to the sale notice dated 09-01-2010. As the sta petition was being adjourned from time to time by the DRT, Visakhapatnm the petitioner states to have approached this Court. It is stated by Sri A.Satyanarayana, the learned counsel for the 1s respondent- secured creditor Bank that the DRT, Visakhapatnam ha considered and disposed of the petitioner’s application for interim relief i I.A.No.105 of 2010 and has granted stay. In any event, the petitione cannot pursue parallel remedies. Since he has pursued the substantive remedy of appeal under Sectio 17 of the 2002 Act, this writ petition is misconceived and is accordingl dismissed at the stage of admission. No order as to costs. ______________ GODA RAGHURAM,J ______________ NOUSHAD ALI,J 19TH MARCH 2010. TSNR