HIGH COURT OF JUDICATURE OF ANDHRA PRADESH THE HONOURABLE SRI JUSTICE V.ESWARAIAH SECOND APPEAL NO. 780 OF 2010 Wednesday, the Twenty Eighth day of September, Two Thousand and Eleven Between Kathula Sreenu and another Appellants AND M/s.Shriram Chits(P) Ltd., A.G. College Road, Bapatla, Rep. by its Branch Manager/Foreman Respondent JUDGMENT: Appellants are the defendants in the suit O.S. No. 35 of 2004 on the file of the learned Senior Junior Civil Judge, Bapatla, Guntur District, filed by the respondent/Chit Fund Company for recovery of money based on mortgage and a preliminary decree was passed against the defendants 1 and 3 i.e. the appellants herein for a sum of Rs.1,84,424/- with subsequent interest and in default of payment of the said amount, the plaintiff was held entitled to the sale of mortgaged property in court auction, as per law. Aggrieved by the same, the defendants 1 and 3 i.e. the appellants herein filed appeal A.S. No. 316 of 2007 on the file of I Addl. District Judge, Guntur, and the lower appellate court by the judgment and decree dated 17.09.2008, dismissed the appeal confirming the judgment and decree of the trial court. Aggrieved by the same, the present second appeal is filed. Though I do not see any substantial question of law raised for consideration, learned counsel appearing for the Chit Fund Company fairly accepts the request of the learned counsel appearing for the appellants for the grant of reasonable time for payment of entire decreetal amount. Having regard to the facts and circumstances, the Second Appeal is dismissed and the appellants are permitted to pay the entire decreetal amount in four equal bi-monthly instalments and the first of such instalment shall be paid on or before 15th November, 2011. Default of payment of any single instalment entitles the decree holder to execute the decree. No order as to costs. ___________________ Justice V.Eswaraiah September 28, 2011 MAS