HON’BLE SRI JUSTICE B. PRAKASH RAO AND HON’BLE SRI JUSTICE R. KANTHA RAO W.A. No.321 of 2008 JUDGMENT: (Per Sri Justice B. Prakash Rao) Heard Sri E.V.S.S.Acharyulu, learned counsel appearing for the appellants and Sri G.Vasantha Rayudu, learned counsel appearing for the respondent and at their request the main appeal itself is taken up for disposal. The appellants are the unsuccessful writ petitioners who filed this appeal against the dismissal of the writ petition, wherein he sought writ of mandamus declaring the action of the respondent-Bank in classifying the loan amount of the 2nd petitioner as non-performing asset and issuing the notice dated 3.2.2007 under Section 13 (2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 and also Proceedings Ref.No.RO/CRLD/5170, dated 3.9.2007 as illegal and arbitrary. On contest, the learned single Judge did not find favour with the petitioners and ultimately, gave liberty to the petitioners to avail other remedies as available to them in law. Hence, the appeal. Having heard the learned counsel and having perused the material available on record and especially in view of the submission made by the learned counsel for the appellants that the appellants would discharge the entire liability by selling the property, we feel it desirable to grant some more time to the appellants. Accordingly, the Writ Appeal is disposed of, directing the appellants to pay the entire amount, within a period of three months from the date of receipt of a copy of a copy of this order and it is made clear that till then the respondent-Bank shall not take any coercive steps against the appellants. ___________________________ JUSTICE B. PRAKASH RAO __________________________ JUSTICE R. KANATHA RAO Date:1.9.2008 mrb