IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) MONDAY, THE FIRST DAY OF FEBRUARY TWO THOUSAND AND TEN PRESENT HON'BLE SRI JUSTICE A.GOPAL REDDY AND HON'BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No.1231 of 2010 Between: Tekkam Meenakshi and two others. … Petitioners And The Authorised Officer, State Bank of India and another. … Respondents This Court made the following: HON'BLE SRI JUSTICE A.GOPAL REDDY AND HON'BLE SRI JUSTICE NOUSHAD ALI WRIT PETITION No.1231 of 2010 ORDER: - (per the Hon’ble Sri Justice A.Gopal Reddy) The petitioner Nos.1 and 3, who obtained loan of Rs.10.00 lakhs from the respondent No.1-bank to which petitioner No.2 stood as a guarantor, filed this writ petition questioning the public auction conducted by the bank on 26.11.2009 published in Eenadu Daily News Paper, pursuant to the tender notice dated 19.10.2009. Petitioners, if aggrieved by the auction so conducted, can move the Tribunal under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, by way of appeal within 45 days. It is now fairly well settled that by invoking the jurisdiction under Article 226 of the Constitution of India, the petitioner cannot wriggle out from the law of limitation for challenging the order. In view of the effective alternative remedy available to the petitioners by way of appeal, which can be preferred with an application to condone the delay in preferring the appeal, the present writ petition filed by the petitioners on 27.01.2010 cannot be entertained and is accordingly dismissed. __________________ A.GOPAL REDDY, J ________________ NOUSHAD ALI, J 01.02.2010 lmv