THE HON’BLE MR. JUSTICE C.V.NAGARJUNA REDDY WRIT PETITION No.24238 of 2007 Date: 22.04.2008 Between: G.Shakunthala … Petitioner AND Andhra Pradesh State Financial Corporation, Rep by Vice Chairman, Hyderabad. And another. … Respondents Counsel for the petitioner : Sri T.Prasanna Kumar Counsel for the respondents : Sri T.Durga Reddy, Standing Counsel HON’BLE MR.JUSTICE C.V.NAGARJUNA REDDY WRIT PETITION No.24238 of 2007 ORDER:- This writ petition is filed for a writ of mandamus to declare the action of the respondents in seeking to sell the petitioner’s property through notification dated 3.9.2007 published in Eenadu Telugu Daily Newspaper, as arbitrary and illegal. Heard Sri T.Prasanna Kumar, learned counsel for the petitioner and Sri T.Durga Reddy, learned Standing Counsel for the respondents. At the hearing, learned counsel for the petitioner fairly admitted that the petitioner is liable to discharge the loan amount to the respondents and that due to her personal problems she is unable to discharge the same. He brought to the notice of the Court that in pursuance of the interim direction grated by this Court on 16.11.2007, the petitioner deposited Rs.2,00,000/- and is prepared to discharge the entire loan amount alongwith interest if reasonable time is given to her. Sri T.Durga Reddy, learned Standing Counsel submitted that as far back as 22.2.2007, the petitioner made a representation to the Hon’ble the Chief Minister seeking three months’ time for payment of arrears of Rs.12 lakhs, that on the said representation being forwarded by the office of the Chief Minister to the respondents, the latter gave a month’s time to the petitioner to clear the arrears and as the petitioner failed to pay those arrears, the respondents issued the impugned sale notification. Having regard to the respective submissions of the learned counsel, I am of the view that interests of justice would be met if the petitioner is permitted to pay the entire loan amount alongwith interest within a period of three months from the date of intimation of the amounts due from the petitioner by the respondents. If the petitioner does not clear the loan amount as indicated above, the respondents shall be free to exercise their rights under the provisions of the State Financial Corporation Act, 1951. The writ petition is accordingly disposed of. As a sequel to disposal of the writ petition, W.P.M.P.No.2416 of 2008 filed by the petitioner seeking interim relief is dismissed as infructuous. ___________________________ C.V.NAGARJUNA REDDY,J Date:22.04.2008 mdaa