THE HONOURABLE SRI JUSTICE N.V. RAMANA AND THE HONOURABLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No. 25899 of 2011 ORDER: (Per Hon’ble Sri Justice N.V. Ramana) Questioning the letter dated 23.08.2011 issued by the 1st respondent bank, stating that if the amounts due and payable by the petitioners are not paid within the stipulated period of sixty days, the bank would proceed under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, for recovery of the dues, the petitioners filed the present writ petition. This Court, on 16.09.2011, while admitting the writ petition, passed orders in W.P.M.P. No. 31941 of 2011, granting interim stay of all further proceedings, subject to the condition of the petitioners depositing half of the demanded amount within a period of four weeks from that date. It was further made clear that in default, the stay stands vacated without further reference to the Court and the bank is at liberty to proceed further in accordance with law. When the matter is taken up for consideration today, it is brought to the notice of the Court that the petitioners have not complied with the aforesaid conditional interim order passed by this Court. As the petitioners failed to comply with the conditional order passed by this Court, they are not entitled to any indulgence by this Court and the writ petition is liable to be dismissed. The writ petition is accordingly dismissed. No order as to costs. _____________ N.V. RAMANA, J _________________ P. DURGA PRASAD, J 4th November 2011 IBL