THE HON’BLE MR JUSTICE L. NARASIMHA REDDY WRIT PETITION No.28395 of 2009 ORDER: The petitioner borrowed certain amount from Vakalapudi Branch of Syndicate Bank. It, however, committed default in repayment of the instalments. It is stated that the dues have accumulated to an extent of Rs.80,00,000/-. Therefore, the respondents initiated steps for bringing the mortgaged property to sale. This writ petition is filed alleging that the respondents did not finalise the proposal submitted for One Time Settlement. It is also urged that if the property is permitted to be sold outside, it would fetch substantial amount and that the sale that may be effected by the respondents would result in substantial loss to the petitioner. The respondents filed a counter-affidavit denying the allegations. It is stated that the petitioner has filed a writ petition on an earlier occasion and that the same was withdrawn without complying the interim orders passed therein. Heard the learned counsel for the petitioner and the learned Standing Counsel for the respondents. The petitioner mortgaged the property for repayment of loan. There is no dispute that default is committed in payment of instalments. Therefore, the respondents have initiated steps vis-à-vis the property that is offered as security. With a view to enable the petitioner to wriggle out of the circumstances, this Court passed an interim order on 31.12.2009, directing that there shall be stay, on condition that the petitioner deposits a sum of Rs.10,00,000/- within four weeks from that date. It is brought to the notice of this Court that no amount was deposited by the petitioner. Even if there exists substantial justification for the petitioner in not payment of that amount, this Court cannot intervene in matters of this nature. Hence, the writ petition is dismissed. There shall be no order as to costs. ______________________ L.NARASIMHA REDDY,J Dt:24.02.2010. kdl