HON’BLE SRI JUSTICE NOOTY RAMAMOHANA RAO WRIT PETITION No.23584 of 2010 Date: September 28, 2010 Between: Gangireddy Siva Nagendra Reddy. … Petitioner And 1. The Chief General Manager, State Bank of India, Head Office, Hyderabad and 3 others. … Respondents * * * HON’BLE SRI JUSTICE NOOTY RAMAMOHANA RAO WRIT PETITION No.23584 of 2010 ORDER: This writ petition has been directed for a writ of Mandamus to declare the action of the respondent-State Bank of India, in not considering the representation of the writ petitioner to settle his loan account under OTS Scheme, 2010 floated by the said bank, as illegal. 2. The writ petitioner is a commercial enterprise. It entered into a loan transaction with the main branch of the respondent- bank at Guntur. The respondent bank had taken recourse to recover the outstanding liability by instituting O.A. No.294 of 2002 on the file of the Debts Recovery Tribunal, Visakhapatnam, which by its order dated 24th February 2009 decreed the same. However, it is submitted that the respondent bank has floated one time settlement scheme (OTS Scheme) to enable the non-performing accounts of the bank to be liquidated amicably. The writ petitioner asserts that he has submitted a representation on 03.5.2010 seeking to settle his NPA account under the said One Time Settlement Scheme. Complaining that the same has not been allowed, the present writ petition is instituted. 3. Notwithstanding a decree obtained by any creditor from a competent civil court, it is always open to such a creditor to enter into a compromise with his debtor and thus buy time and peace. Hence, it is also open to the respondent-bank to consider the feasibility and appropriateness of settling the non-performing account of the writ petitioner under the OTS Scheme. But however, the Court cannot issue a writ of Mandamus, as prayed for by the writ petitioner to compel the respondent-bank to enter into a compromise or settle the non- performing account of the writ petitioner, willy-nilly under the OTS Scheme. It is open to the respondent-bank to act as is considered appropriate by it in the matter. 4. With this, the writ petition stands disposed of at the stage of admission. No Costs. ________________________________ NOOTY RAMAMOHANA RAO, J Date: September 28, 2010. BSB