IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE FIFTEENTH DAY OF JULY TWO THOUSAND AND FOUR PRESENT HON'BLE SRI DEVINDER GUPTA, CHIEF JUSTICE and HON'BLE Ms. JUSTICE G.ROHINI WRIT PETITION NO : 11871 of 2004 Between: Nagabandi Dayakar S/o. Kedari R/o. 6-232, Main Road, Pakal, Warangal District. ..... PETITIONER AND 1 The Regional Manager, Region-1 State Bank of Hyderabad, J.P.N..Road, Warangal District. 2 The Manager, State Bank of Hyderabad Parkal, Warangal District. .....RESPONDENTS Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the Affidavit filed herein the High Court will be pleased to issue a writ order or direction more particularly one in the nature of writ of Mandamus and declare the action of the respondents 1,2 as illegal and arbitrary and sub judice and set aside the notification dt 6.6.2004 issued by respondent No.2 under Sec 13 (4) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, of financial assets and enforcement of security interest Act 2002, r/w security interest (enforcement) Rules 2002 and grant time for further 2 years to repay the outstanding loan amount. Counsel for the Petitioner:MR.JOGRAM TEJAVATH. Counsel for the Respondents : None appeared. The Court made the following : ORAL ORDER: ( Per Hon’ble The Chief Justice ) ….. There is adequate, alternative and efficacious remedy available to the petitioner under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, to question the legality and validity of the action taken by respondents under Section 13(4) of the said Act. Without availing of such remedy, petitioner has approached this court with this petition. We are not inclined to interfere in this matter in view of the alternative remedy available. Accordingly writ petition is dismissed. No costs. ____________________ DEVINDER GUPTA. C.J., ____________ G. ROHINI. J., Dated: 15.07.2004. VRK. To 1 The Regional Manager, Region-1 State Bank of Hyderabad, J.P.N..Road, Warangal District. 2 The Manager, State Bank of Hyderabad Parkal, Warangal District. 3. Two CD copies. HON’BLE SRI DEVINDER GUPTA, CHIEF JUSTICE AND HON’BLE Ms. JUSTICE G. ROHINI. W.P.NO. 11871 OF 2004. ( Order of the Bench delivered by Hon’ble The Chief Justice ) Dt: 15.07.2004.