THE HON'BLE SMT. JUSTICE T.MEENA KUMARI and THE HON'BLE SRI JUSTICE G.V.SEETHAPATY WRIT PETITION No :25329 of 2010 ORAL JUDGMENT: (Per Hon’ble Smt. Justice T. Meena Kumari) The petitioner filed the present writ petition assailing the order dated 10.9.2010 made in S.A. No.42 of 2006 of the Debts Recovery Tribunal-II, Hyderabad. However, when the writ petition came up for hearing, learned Standing Counsel for the respondent-bank has submitted that an auction notice has been issued by the respondents proposing to auction the properties, which is scheduled to be held on 27.10.2010. At this stage, learned counsel for the petitioner submitted that it would approach the Debts Recovery Tribunal, Hyderabad. However, in the meantime, it is prepared to deposit a sum of Rs.8.00 lakhs and its interest be protected by staying the impugned order. We find some force in the contention of the learned counsel for the petitioner. Hence, we feel that ends of justice would be met if the impugned order is stayed subject to the condition of the petitioner depositing a sum of Rs. 8.00 lakhs (Rupees Eight Lakhs Only) within a period of eight weeks from today. We also grant liberty to the petitioner to avail appropriate remedies before the Tribunal. It is needless to mention that in case the petitioner fails to deposit the amount as directed above, the order dated 10.9.2010 made in S.A. No.42 of 2006 of the Debts Recovery Tribunal-II, Hyderabad will become operative. Subject to the above observations, the writ petition is disposed of. No costs. __________________ T.MEENA KUMARI,J Date: 7th October, 2010 ____________________ G.V. SEETHAPATHY,J pnb