IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD MONDAY, THE SEVENTEENTH DAY OF MARCH TWO THOUSAND AND EIGHT PRESENT THE HON'BLE THE CHIEF JUSTICE and THE HON'BLE MR JUSTICE C.V.RAMULU WRIT APPEAL NO : 277 of 2008 (Writ Appeal under Clause 15 of the Letters Patent against the Order dated 28/01/2008 in WP NO : 8654 OF 2006 on the file of the High Court.) Between: 1 M/s. Matha Electronics, rep. by its Sole Prop. Sri T. Satish Goud, S/o. H. Sriramulu, Warangal. 2 Smt. H. shyamala, W/o. H. Sriramulu, 16-5-315 Under Bridge Road, Warangal. ..... APPELLANT(S) AND 1 Union of India, rep. by its Secretary, Ministry of Finance, Banking Division, Northy Block, New Delhi. 2 Punjab national Bank, A.P. Region, Hyderabad, rep. by its Senior Regional Manager. 3 Punjab National Bank, Warangal Branch, Warangal, rep. by its Branch Manager. 4 The District collector, Warangal. .....RESPONDENT(S) Counsel for the Appellants: MR.P.KRISHNA REDDY Counsel for the Respondent No.1: Sri A. Rajashekara Reddy, Asst. Solicitor General, Counsel for the Respondent No.2 & 3: Sri K. Suryanarayana, SC for Punjab National Bank, Counsel for the Respondent No.1: GP FOR REVENUE The Court made the following : W.A.NO. 277 OF 2008 ORDER: (Per Anil R. Dave, HCJ) After arguing the matter for some time, the learned advocate Sri P. Krishna Reddy appearing for the appellants- petitioners has sought permission for withdrawal of the writ petition so as to enable the appellants-petitioners to challenge the validity of the impugned order by filing an appeal under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as “the Act”). It has been submitted by the learned advocate appearing for the appellants-petitioners that till the appeal is filed, the bank be restrained from taking any coercive action. Looking to the facts of the case, the appellants- petitioners are permitted to withdraw the writ appeal as well as the writ petition so as to enable them to file an appeal under Section 17 of the Act and it is directed that for a period of four weeks from today no coercive action shall be taken by the respondents for recovery of the amount in question. The writ appeal as well as the writ petition is disposed of as withdrawn. No order as to costs. ________________ ANIL R. DAVE CJ ______________ C.V.RAMULU J Dt.17.3.2008 KR ........REGISTRAR To 1 Union of India, rep. by its Secretary, Ministry of Finance, Banking Division, Northy Block, New Delhi. 2 Punjab national Bank, A.P. Region, Hyderabad, rep. by its Senior Regional Manager. 3 Punjab National Bank, Warangal Branch, Warangal, rep. by its Branch Manager. 4 The District collector, Warangal. 5. 2 CCs to GP for Revenue, 6. 2 CCs to Sri A. Rajashekara Reddy, Asst. Solicitor General 7. 2 CD copies Form-NIC-OGS/WA {TRK}