N THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE NINETEENTH DAY OF MARCH TWO THOUSAND AND NINE PRESENT THE HON'BLE MR JUSTICE N.V. RAMANA WRIT PETITION NO : 4026 of 2009 Between: Sri Bellam Konda Ankama Rao, S/o. Tirupaiah, M/s. Palavalli Prasanna Rice Mill, Velacheruvu (V), Santhamaguluru (M), Prakasam District. ..... PETITIONER AND Andhra Pradesh State Financial Corporation, (Incorporated under the State Financial Corporation Act, LXIII of 1951), (Registered Office 5-9-194, Chirag Ali Lane, P.B.No. 165, Hyderabad - 500 991) Rep. by Branch Manager, 37-1-406(4), 2nd Lane, Bhagyanagar, Ongole - 523 001. .....RESPONDENT Petition under Article 226 of the constitution of India praying that in the circumstances stated in the Affidavit filed herein the High Court will be pleased to issue a Writ, order or direction in the nature of Writ of Mandamus, directing the respondent to allow the petitioner top ay the entire loan amount by one time settlement with conditions and terms of the respondent and hand over the unit to the petitioner by granting 3 months time for payment by the petitioner as mentioned in Ref. AFC/OGL.BR/PKR-M&R/2008-09/5043 dt. 17-2-2009. Counsel for the Petitioner:MR.B.LINGAYYA CHOWDARY Counsel for the Respondent No.: MR.M.S.RAMACHANDRA RAO The Court made the following : ORDER: This writ petition is filed by the petitioner seeking a direction to the respondent – Andhra Pradesh State Financial Corporation to allow him to pay the entire loan amount by one time settlement. On 2.3.2009 when the matter is taken up, at the request of the learned standing counsel for the respondent Corporation, the matter is adjourned and today, on instructions, it is submitted that due to non- payment of the loan amount, the unit of the petitioner was seized on 13.3.2006 and sale of the unit was conducted in the month of February, 2009 and sale deed was also executed on 24.2.2009 in favour of auction purchasers. In view of the above submission, the relief sought for by the petitioner cannot be granted. The writ petition fails and it is accordingly dismissed. However, the petitioner is at liberty to challenge the sale proceedings. N.V.RAMANA,J Dt.19.3.2009 msv