IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) TUESDAY, THE SEVENTEENTH DAY OF JUNE TWO THOUSAND AND EIGHT PRESENT THE HON'BLE MR JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO : 2578 of 2008 Between: Mohd.Hussain S/o.Late Abdul Razag Minya R/o.7/538-3, NGO's Colony Kadapa Dist,A.P ..... PETITIONER AND 1 State Bank Of India Rep.by its Chief General Manager Bank Street, Kothi,Hyd 2 State Bank Of India Rep.by its Branch Manager Yerramukkapalli Branch Kadapa Dist .....RESPONDENT(S) 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 an appropriate writ or order or direction more particularly one in the nature of writ of Mandamus declaring the auction conducted by the Second respondent on 24-1-2008 at State Bank of India Yerramukkapally Branch Kadapa Dist against the moveable, immovable and landed properties situated in B.No.1137, K.Appayyapalle,Kamalapuram G.P Kadapa Dist belonging to the petitioner and his family as illegal arbitary and violative of Section 13 &14 of the Securitisation and Reconstruction of Financial Assets and enforcement of Security Interest Act 2002 and also violative of Article 300- A of the constitution of India and to pass Counsel for the Petitioner:DR.R.PRABHAKAR Counsel for the Respondent No.: MR.M.NARENDER REDDY The Court made the following : THE HONOURABLE SRI JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO. 2578 OF 2008 ORDER: 1. The petitioner seeks permission to withdraw the writ petition reserving his liberty to work out his remedy as available under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. He further submits that status quo existing as on this day may be continued for two weeks, so as to enable the petitioner to file an appeal as provided under Section 17 of the Act. 2. Recording the said submission, the petition is dismissed as withdrawn. There shall be status quo with regard to further proceedings pursuant to the auction held on 24-1-2008 for a period of two weeks so as to enable to the petitioner to avail the alternative remedy available under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 54 of 2002. No order as to costs. ____________________________ Justice B.Seshasayana Reddy 17th June, 2008. KM THE HONOURABLE SRI JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO. 2578 OF 2008 17th June, 2008.