THE HON'BLE SRI JUSTICE G. CHANDRAIAH & THE HON'BLE SRI JUSTICE G.V. SEETHAPATHY WRIT PETITION NO:270 OF 2011 ORDER: (Per Hon’ble Sri Justice G.Chandraiah) This writ petition is filed seeking a writ of mandamus to declare the action of 1st respondent in auctioning the schedule property on 18.1.2011 as per the notice dated 10.12.2010 as illegal and arbitrary. At the hearing, the learned Counsel for the petitioner represented that the petitioner is proposing to file a statutory appeal before the appellate authority viz., Debt Recovery Tribunal, within four weeks. In the circumstances, the writ petition is disposed of granting liberty to the petitioner to file statutory appeal before the appellate authority. However, in the facts and circumstances of the case, the proposed further action of the 1st respondent-Bank is deferred on condition of the petitioner depositing the entire overdue amount, within a period of six weeks. Out of the said overdue amount, to show his bonafides, the petitioner shall pay Rs.1,50,000/-(Rupees One Lakh and Fifty Thousand only), within a period of ten days from today and the balance amount within a period of six weeks thereafter. In default, it is open for the 1st respondent-bank to go ahead with the proceedings in accordance with law. No order as to costs. __________________ Justice G. Chandraiah Dated:12.1.2011 ____________________ Justice G.V. Seethapathy Note: Wire at party’s costs. B/O NN/VGB THE HON'BLE SRI JUSTICE G. CHANDRAIAH & THE HON'BLE SRI JUSTICE G.V. SEETHAPATHY WRIT PETITION NO:270 OF 2011 (Order delivered by Hon’ble Sri Justice G.Chandraiah) 12.1.2011