THE HONOURABLE SRI JUSTICE N.V. RAMANA AND THE HONOURABLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No. 26639 of 2010 ORDER: (Per Hon’ble Sri Justice N.V. Ramana) Alleging that the respondent bank, without following due procedure prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, is trying to take the possession of collateral security property of the petitioner forcibly and conduct the auction, the petitioner filed the present writ petition. This Court, on 27.10.2010, while admitting the writ petition, passed interim orders in W.P.M.P. No. 34008 of 2010, granting interim stay, subject to the condition that the petitioner deposits an amount of Rs. 9,00,000/- within a period of four weeks from that date. At the hearing, the counsel for the petitioner submits that the petitioner has not complied with the aforesaid conditional order. As the petitioner failed to comply with the conditional order passed by this Court, he is not entitled to any indulgence by this Court and the writ petition is liable to be dismissed. At this stage, the counsel for the petitioner submits that the petitioner will approach the bank and settle his account. He is at liberty to do so. The writ petition is accordingly dismissed. No order as to costs. _____________ N.V. RAMANA, J _________________ P. DURGA PRASAD, J 18th August 2011 IBL