THE HON'BLE SRI JUSTICE GHULAM MOHAMMED and THE HON’BLE SRI JUSTICE K.G. SHANKER WRIT PETITION No. 8269 OF 2011 Between: Smt. Pamula Suvarchala ..... PETITIONER(S) AND .....RESPONDENT(S) THE HON'BLE SRI JUSTICE GHULAM MOHAMMED and THE HON’BLE SRI JUSTICE K.G. SHANKER WRIT PETITION No. 8269 OF 2011 ORDER: (per Sri GM, J ) This Writ Petition has been filed challenging the action of the 1st respondent-bank in issuing auction notice dated 25-2-2011 under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ( for short “the Act”). The petitioner claims that she is holder of agreement of sale after issuance of notice under section 13(2) of the Act. The main contention of the petitioner is that had the petitioner was put on notice regarding the notices issued earlier by the 1st respondent-Bank the petitioner would have taken prompt steps to execute the agreement of sale deed in advance and that even now she is ready to pay the amount in respect of the schedule property. Considering the rival submissions of the parties, this Court while issuing notice before admission, by its order dated 29-3-2011 granted interim stay of auction on condition the petitioner pays seven lakh rupees within a period of two weeks and the remaining amount within a period of two weeks thereafter. Learned Standing Counsel appearing on behalf of the respondent-Bank submitted that the interim orders dated 29-3-2011 passed by this Court have not been complied with. In the circumstances, we do not see any ground to entertain the writ petition. The writ petition therefore fails and is liable to be dismissed leaving it open to the respondent-Bank to proceed with the matter in accordance with law. No costs. ________________________ GHULAM MOHAMMED, J. _______________ K.G. SHANKAR, J 15-6-2011/KK THE HON'BLE SRI JUSTICE GHULAM MOHAMMED and THE HON’BLE SRI JUSTICE K.G. SHANKER WRIT PETITION No. 8269 OF 2011 15-6-2011