THE HONOURABLE SRI JUSTICE N.V. RAMANA AND THE HONOURABLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No. 27729 of 2011 ORDER: (Per Hon’ble Sri Justice N.V. Ramana) This writ petition is filed for the following substantive relief: “……to issue a writ, order or direction more particularly one in the nature of writ of Certiorari and call for the records pertaining to the order dated 9.8.2011 in IA 1022/2011 in AIR (SA) 695/2011 on the file of the Debt Recovery Appellate Tribunal at Chennai and quash the same insofar as imposing the condition of deposit of Rs.75.00 lakhs while granting stay of all further proceedings before the Authorized Officer under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, in the interest of justice and pass such other or further orders as this Honourable Court may deem fit and proper in the circumstances of the case.” This Court, on 11.10.2011, while ordering notice before admission, passed interim orders extending the time granted by the Debt Recovery Appellate Tribunal, Chennai, for deposit of the amount by the petitioners as per the order dated 09.08.2011 in I.A.No.1022 of 2011 in AIR (SA). No. 695 of 2011, by four more weeks from that day, and in default, it was made clear that the respondent-bank is at liberty to proceed further in accordance with law. Today, at the hearing, it is brought to the notice of the Court by the counsel for the petitioners that, in spite of this Court extending the time as stated above, the petitioners did not deposit the amount ordered to be deposited by the Debt Recovery Appellate Tribunal, Chennai. Hence, we feel that the petitioners are not entitled to any indulgence by this Court and the writ petition is liable to be dismissed. The writ petition is accordingly dismissed. No order as to costs. _____________ N.V. RAMANA, J _________________ P. DURGA PRASAD, J 10th November, 2011 IBL