THE HON’BLE SRI JUSTICE SANJAY KUMAR WRIT PETITION NO.18955 OF 2009 DATED 16TH FEBRUARY, 2011 BETWEEN M/s.Sri Prasanna Lakshmi Ice Plant and another. …Petitioners And A.P.State Financial Corporation and another. …Respondents THE HON’BLE SRI JUSTICE SANJAY KUMAR WRIT PETITION NO.18955 OF 2009 O R D E R The grievance of the petitioners in this writ petition was with regard to the action of the Andhra Pradesh State Financial Corporation (APSFC) in disposing of their land in Survey No.118/1 of Madepalli Village, Eluru Mandal, West Godavari District, under Section 29 of the State Financial Corporations Act, 1951. They sought a consequential direction to the APSFC to consider their case for One Time Settlement. The Branch Manager of APSFC, Eluru, filed his counter stating that the first petitioner Ice Plant was sanctioned a term loan of Rs.9.46 lakhs on 10.04.1996. Owing to the default in the repayment thereof, action was initiated under Section 29 of the State Financial Corporations Act, 1951. Pursuant thereto, the sale of the subject property was confirmed on 03.09.2009 for a sum of Rs.12,90,000/- in favour of one Kamireddy Raghuram and the sale confirmation letter was also issued to him. After payment of the entire sale consideration, the possession of the said property was handed over to the bidder on 23.02.2010 under a panchanama. In the light of the aforestated developments, no cause survives for adjudication in the present case. If the petitioners are aggrieved by the confirmation of the sale and the events thereafter, they would necessarily have to initiate independent proceedings challenging the same in accordance with law. This writ petition is devoid of merit and is accordingly dismissed. No order as to costs. ---------------------------- SANJAY KUMAR, J. 16TH MARCH, 2011. PGS/VGSR