IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE TWENTY SEVENTH DAY OF NOVEMBER TWO THOUSAND AND EIGHT PRESENT THE HON'BLE MR JUSTICE L.NARASIMHA REDDY WRIT PETITION NO : 20159 of 2002 Between: Hanumara Subhash Chandra Boss S/o.Sri Rama Chandra Rao, Shop Nos,4 & % KUTHURU Complex, Ladikapul, Hyderabad. ..... PETITIONER AND 1 Andhara Pradesh State Finance Corpration Ltd., rep by its Managing Director 5-9-194, Chirag Ali Lane, Hyderabad - 500 001. 2 Andhara Pradesh State Finance Corpration Ltd., rep by its Senior Branch Manager, 5-9-194, Chirag Ali Lane, Hyderabad - 500 001. 3 K.Lokanadham, S/o. Laxminarasaiah, 23-1-443, First floor, Kalikabar, Hyderabad. 4 K.Viswanadham, S/o.Laxminarasaiah 12-10-211, Seethaphalmandi, Secunderabad. 5 K.Jagannadham, S/o.K.Laxminarasaiah, 22-1-443, Ground floor, Kalikabar, Hyderabad. .....RESPONDENTS 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 appropriate wit, order or direction, particularly a writ of mandamus, directing the repondentnos.1 and 2 forbear them from taking any action pursuant to the sealed tenders- cum-bid for the sale f assets towards recovery of alleged dues of respondent nos. 3 to 5 pursuant to the notice dt.3.10.2002 published in the daily newspaper "Enadu" in so far as the petitioner's property i.e., shop no.4 and shop no.5 which forms part and parcel of premises no.6-1-1073, 6-1-1077 to 6-1-1080 at Lakdikapol Hyderabad, and consequently restrain Respondent Nos.1 and 2 from proceeding ahead with the proposed sale commencing from 9.10.2002 and or on any further subsequent dates in so far as the property of the petitioner i.e., shop bearing Nos.4 and 5 are concerned and further declare the proposed action of respondent nos. 1 and 2 is illegal, arbitrary and without jurisdiction insofar as the petitioner's shops are concerned. Counsel for the Petitioner : MR.A.V.KRISHNA RAO Counsel for the Respondents : . The Court made the following : ORDER: The petitioner challenges the action of the respondents in issuing advertisement on 03.10.2002, proposing to sell shop Nos.4 and 5, in premises bearing Nos.6-1-1073, 1077 and 1080 at Lakdikapul, Hyderabad. Several grounds are urged in challenge to the said action. The impugned notification was issued to sell the property mentioned therein to recover arrears of loan advanced by the respondent-Corporation. Sri Durga Reddy, learned Standing Counsel for the Corporation, has placed before this Court a copy of letter, dated 27.11.2008, which is to the effect that the loan amount was recovered by effecting sale of property held by M/s.K.Viswanadham and brothers and in fact, the sale proceeds are in excess of the amount due. It is also stated that in view of that development, the steps to effect sale of shop Nos.4 and 5 were dropped. With this, the grievance of the petitioner stands redressed and nothing remains to be decided in this Writ Petition. The Writ Petition is accordingly closed. There shall be no order as to costs. _______________________ Dt.27.11.2008 L.NARASIMHA REDDY, J GJ