THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY CONTEMPT CASE No.586 of 2008 ORDER: The petitioner filed W.P.No.2588 of 2007 in relation to the extension of benefit under One Time Settlement Scheme (OTS) in respect of the loans borrowed from the respondents. Initially, the writ petition was disposed of on 18.06.2007 with certain directions. The petitioner filed C.C.No.1055 of 2007 complaining that the directions issued by this Court in the order, dated 18.06.2007, were not complied with. The respondents, on the other hand, filed Rev.WPMP Nos.1291 and 1292 of 2008. A common order was passed on 18.01.2008 in the contempt case and review petitions with certain directions. This contempt case is filed alleging that the respondents have not complied with the directions issued by this Court in the common order, dated 18.01.2008. Heard Sri S.Satyanarayana Prasad, the learned senior counsel for the petitioner and Sri S.R.Ashok, the learned senior counsel for the respondents. The subject matter of the writ petition was the entitlement or otherwise of the petitioner to be extended the benefit under OTS as well as the adjustment of the amounts realized in sale of an item of the property owned by the petitioner. The writ petition was disposed of and thereafter, the contempt case and review petitions were filed. In the common order, dated 18.01.2008, this Court issued the following directions. “(a) the review petitions are ordered, directing that the entitlement of the writ petitioner to be refunded any sum from out of the amount realized by selling the mortgaged property, shall be subject to the foreclosure of such of the mortgages, to which the writ petitioner is a party; and (b) the entitlement of the writ petitioner to be extended the benefit under OTS shall be taken into account, while working out the foreclosure of the mortgages” The respondents, in turn, passed an order, dated 13.03.2008, stating to be in compliance with the directions of this Court referred to above. During the course of hearing the contempt case, this Court opined that the proceedings, dated 13.03.2008, dealt with only one aspect, namely, the entitlement of the petitioner being extended the benefit under OTS and it is silent as regards the adjustment of the sale proceeds. Today, the learned senior counsel for the respondents has placed before this Court, a copy of the letter, dated 22.07.2009, in which, particulars of various loan accounts were furnished. It was ultimately observed that the sale proceeds of the property are far below than the entitlement under the transactions. With this, the respondents have expressed their view, both as regards the entitlement of the petitioner or being extended the benefit under OTS as well as the adjustment of the sale proceeds. If the petitioner feels aggrieved by the proceedings, dated 13.03.2008 or 22.07.2009, it shall be open to it to pursue its remedies in accordance in accordance with law. Hence, the contempt case is closed. _____________________ L.NARASIMHA REDDY,J Dt:05.08.2009 kdl