HONOURABLE SRI JUSTICE B.PRAKASH RAO & HONOURABLE SRI JUSTICE B.N.RAO NALLA W.P.No.8937 of 2011 ORDER (Per BPR,J): Heard Sri K.Chidambaram, learned counsel for the petitioner and Sri Ch. Siva Reddy, learned standing counsel, who took notice on behalf of the respondents 1 and 2 and at their request, the main writ petition itself is taken up for hearing and disposal at the admission stage. The petitioner herein, who is a defaulter, filed this writ petition under Article 227 of the Constitution of India aggrieved against the interim order pending appeal before the Debts Recovery Tribunal, Visakhapatnam (for brevity ‘the Tribunal’), dated 06-03-2011, wherein the status quo order was granted subject to the condition of depositing a sum of Rs.3.00 laklhs (Rupees three lakhs only) by 31-03-2011 and another sum of Rs.6.00 lakhs by 30-04-2011. But, however, the petitioner failed to deposit the said amount within the stipulated time. Now, the request of the petitioner is that he may be granted extension of time to pay the said amount having regard to the fact that in spite of his beset efforts, he could not secure the required funds. Having heard the learned counsel appearing on either side and perused the material available on record, it is clear that the allegation against petitioner is only the failure to deposit the amount within a stipulated time as prescribed. Because of this, it is not justifiable to keep the matter pending without passing any orders. Hence, we are of the view that the writ petition can be disposed of grating some more time to the petitioner to pay the entire amount finally. Accordingly, the writ petition is disposed of modifying the interim order of the Tribunal dated 06-03-2011 in I.A.No.130 of 2011 in S.A.No.63 of 2011 to that extent of permitting the petitioner to deposit the entire amount of Rs.9.00 (Rupees nine lakhs only) by the end of 30th May 2011. Thee shall be no order as to costs. _______________________ JUSTICE B.PRAKASH RAO Date: 11th April 2011 _______________________ JUSTICE B.N RAO NALLA Note: Issue C.C. in one week. B/o. kvr