HON'BLE MR JUSTICE GHULAM MOHAMMED AND HON'BLE MR JUSTICE RAMESH RANGANATHAN WRIT PETITION NO. 13553 OF 2010 Between: Kadiyam Satyanarayana S/o Late K. Simhachalam ..... PETITIONER AND 1. The Branch Manager, Syndicate Bank and two others .....RESPONDENTS ORDER: (Per Hon'ble Sri Justice Ghulam Mohammed) This Writ Petition has been filed in the nature of writ of Certiorari calling for the records pertaining to the sale notice dated 4.6.2010 and consequently declare that the sale notice published in the Local ‘Sakshi’ daily Newspaper dated 4.6.2010 and the initiation taken by the authorized officer of the respondent-Bank as illegal and against the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002(for short “SRFAESI Act”). This Writ Petition is misconceived inasmuch as the petitioner purchased a Flat No. 102 bearing H.No. 7-1-632/38 & 7-1-632/41 situated at Bapunagar S.R. Nagar, Hyderabd under Registered Agreement of Sale cum General Power of Attorney vide Document No. 705 of 2007 by paying the entire sale consideration of Rs. 6,88,000/- from one C. Babu Rao, S/o Rama Rao, against whom proceedings under Section 13(4) of the SRFAESI Act were initiated, and that there is no privity of contract, thus agreement of sale does not confer any right. In the circumstances, the Writ Petition is dismissed. However, it is open to the petitioner to recover the money as per law. There shall be no order as to costs. _______________________ GHULAM MOHAMMED, J ____________________________ RAMESH RANGANATHAN , J DATE: 30.06.2010 KA ... REGISTRAR // TRUE COPY // SECTION OFFICER To 1. 2 CD copies.