IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE SEVENTEENTH DAY OF DECEMBER TWO THOUSAND AND NINE PRESENT THE HON'BLE MR JUSTICE A.GOPAL REDDY and THE HON'BLE MR JUSTICE K.C.BHANU WRIT PETITION NO : 21390 of 2009 Between: Kotha Sambasiva Rao ..... PETITIONER AND Canara Bank, rep. by its Authorised Officer, P.P.Road, Bhimavaram, West Godavari District & Another. .....RESPONDENTS The Court made the following : HON’BLE SRI JUSTICE A. GOPAL REDDY AND HON'BLE SRI JUSTICE K.C.BHANU WRIT PETITION No. 21390 OF 2009 ORDER: (Per Hon’ble Sri Justice A. Gopal Reddy) Petitioner-borrower filed this writ petition questioning the rejection order passed by the respondent-Bank purportedly under Section 13(3A) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘Act’), dated 20.9.2009. On issuing the notice by the respondent- Bank under Section 13(2) of the Act, petitioner made a representation to the respondent-Bank on 20.9.2009 seeking one time settlement as per the guidelines framed by the Bank, but the respondent-Bank without assigning any reasons rejected the one time settlement scheme proposal made by the petitioner stating that the same is not acceptable to it. It is now fairly well settled that the Bank should assign reasons for rejection of the representation made under Section 13 (3A) of the Act. Therefore, the impugned order passed by the respondent-Bank rejecting the representation of the petitioner, dated 20.9.2009 is set aside and the Bank is directed to pass a reasoned order and communicate the same to the petitioner within one week from the date of receipt of a copy of this order. The writ petition is accordingly allowed. No order as to costs. _________________ (A. GOPAL REDDY, J.) ______________ (K.C.BHANU, J.) DECEMBER 17, 2009 TSR