IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) TUESDAY, THE SECOND DAY OF SEPTEMBER, TWO THOUSAND EIGHT ONLY PRESENT: THE HON’BLE MR. JUSTICE C.V.NAGARJUNA REDDY WRIT PETITION No.7963 of 2005 Between: R. Bhaskar … Petitioner AND The Special Officer, Chittoor Cooperative Town Bank Limited, No.59, Chittoor & another. … Respondents Counsel for the petitioner : None Counsel for respondent No.2: Sri M.P. Ugle This Court made the following: THE HON’BLE SRI JUSTICE C.V.NAGARJUNA REDDY WRIT PETITION No.7963 of 2005 ORDER:- This writ petition is ﬁled for a writ of Mandamus to set aside order dated 01.02.2005 issued by respondent No.1. At the hearing, there is no representation for the petitioner. A perusal of the averments contained in the aﬃdavit ﬁled by the petitioner shows that by the impugned communication, the petitioner’s request for adjustment of S.B. account amount of Rs.1,00,446=69 paise towards the loan amount of Rs.50,000/- each was not accepted in view of the direction given by the Reserve Bank of India under Section 35 of the Banking Regulation Act, 1949 to restrict payment only to the extent of Rs.5,000/- per depositor. This Court, by order dated 16.06.2005, modiﬁed interim order dated 21.04.2005 passed in WPMP.No.10574 of 2005 in tune with the direction given by the Reserve Bank of India by directing the respondents to adjust the ﬁxed deposit amount standing in the name of the petitioner to the loan account to the extent of Rs.5,000/-. In view of the existence of the direction given by the Reserve Bank of India under Section 35, which is not assailed in this writ petition, the petitioner’s prayer for adjustment of the entire S.B. account amount towards his loan account cannot be allowed. It is made clear that as and when the restrictions are removed or relaxed, the amount of the petitioner shall be adjusted to the loan account in accordance therewith. Subject to the above observations, the writ petition is disposed of. As a sequel to disposal of the writ petition, WPMP.No.10574 of 2005 ﬁled by the petitioner for interim relief is disposed of as infructuous. ____________________________ C.V.NAGARJUNA REDDY, J Date: 02.07.2008 ES