IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) TUESDAY, THE NINTH DAY OF FEBRUARY TWO THOUSAND AND TEN PRESENT THE HON'BLE MR JUSTICE A.GOPAL REDDY and THE HON'BLE MR JUSTICE NOUSHAD ALI WRIT PETITION NO : 298 of 2010 Between: Pabbu Madhusudhana Rao Memorial Educational & Rural Development Society, Nandyal, Kurnool District, rep. by its Secretary & Correspondent P.Balachandrudu. ..... PETITIONER AND Syndicate bank, Nandyal Branch, Nandyal, Kurnool District & Another. .....RESPONDENTS The Court made the following : HON’BLE SRI JUSTICE A. GOPAL REDDY AND HON'BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No. 298 OF 2010 ORDER: (Per Hon’ble Sri Justice A. Gopal Reddy) This writ petition is filed questioning the notice issued by the respondent-Bank under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘Act’) contending that the representation filed by the petitioner under Section 13(3-A) of the Act, dated 2.11.2009 has not been disposed of by the respondent-Bank so far. Now, learned counsel for the petitioner produced a letter issued by the respondent-Bank acknowledging the receipt of part payment of Rs.40,000/- towards the dues and adjusting the same from the outstanding liability of the petitioner’s loan account of Rs.1,15,61,500/-. Further by the said letter, the petitioner was called upon to take concrete steps to repay the dues at the earliest otherwise, the Bank would be compelled to enforce the provisions of the Act for recovering the dues. In the light of the said letter, learned counsel for the petitioner submits that the petitioner is not pressing the writ petition and the same may be dismissed granting liberty to the petitioner to avail the remedies available under law in the event of any final orders being passed by the Bank under Section 13(4) of the Act. The writ petition is accordingly dismissed, granting liberty to the petitioner to avail the remedies available to it on rejection of the objections filed under Section 13(3-A) of the Act and if any measures are taken by the Bank under Section 13(4) of the Act. No order as to costs. _________________ (A. GOPAL REDDY, J.) _________________ (NOUSHAD ALI, J.) FEBRUARY 09, 2010 TSR