IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD PRESENT : : THE HON’BLE SRI JUSTICE N.V.RAMANA AND THE HON’BLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No.21896 of 2011 Dated:04-08-2011 Between: Smt. B.Padmaja ….Petitioner. And Andhra Bank, Rep. by its Authorized Officer & Chief Manager, Tarnaka Branch, Secunderabad. ….Respondent. The Court made the following: THE HON’BLE SRI JUSTICE N.V.RAMANA AND THE HON’BLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No.21896 of 2011 ORDER: (per the Hon’ble Sri Justice N.V.Ramana) The petitioner who claims to be a constitutes woman enterprise filed this writ petition questioning the notice dated 01.06.2011 issued by the respondent under Section 13 (2) of SARFAESI Act, 2002. According to the petitioner, she has borrowed some money from the bank as term loan for her business by mortgaging property. As she could not repay the said amount, she approached the respondent-bank with a request to issue No Objection Certificate for selling of 700 Sq. Yards of the factory land which she mortgage, to repay the loan amount. The bank agreed to the request of the petitioner on 23.06.2011 and granted four days time on 23.06.2011 for selling of the land. As she could not sell the property, she was unable to pay the amount due to the bank. Hence, the respondent-bank has issued the said notice dated 01.06.2011 under Section 13 (2) SARFAESI Act, 2002. The main contention of the learned counsel for the petitioner is that the bank permitted the petitioner to sell the land within 4 days. As it is practically impossible to sell the land within short time of 4 days; she could not sell the property and wants some more time to sell the property to enable her to repay the loan amount. On behalf of the respondent-bank, the counsel agreed for granting ‘4’ weeks maximum time to repay the entire loan amount. The learned counsel for the petitioner has agreed. In view of the above, this writ petition is disposed of directing the petitioner to pay the entire bank loan amount within 4 weeks time; in default the respondent-bank is at liberty to proceed against the petitioner in accordance with law. There shall be no order as to costs. _______________________ JUSTICE N.V.RAMANA. _____________________________ JUSTICE P. DURGA PRASAD Dated:04-08-2011 Note: Issue C.C. in two days. (B/O) Ksp