THE HONOURABLE SRI JUSTICE N.V. RAMANA AND THE HONOURABLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION No. 835 of 2011 ORDER: (Per Hon’ble Sri Justice N.V. Ramana) This writ petition is filed for the following substantive relief: “….to issue a writ, direction or order especially in the nature of a writ of Mandamus modifying the order dated 23-12-2010 passed by the Debts Recovery Appellate Tribunal, Chennai in AIR (SA) No. 1236 of 2010 making the stay operational on all the properties which were the subject matter of the Section 13 proceedings initiated under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, including the property admeasuring Ac.2.31 cents out of the total extent of Ac.3.47 cents covered by D. No. 730/A and 729 at Ankireddypalem Village, Nallapadu SRO, Guntur (Schedule I property in S.A. No. 277 of 2009) and consequently directing respondent No.2 to redeliver the said property to respondent No.1 during the pendency of the appeal filed by the petitioner before the DRAT and pass such further or other order(s) as this Hon’ble Court deems fit and proper in the circumstances of the case.” This Court, on 24.01.2011, while admitting the writ petition, passed the following interim orders in W.P.M.P. No. 1026 of 2011: “In the event of the petitioner succeeding in the appeal under Section 17(3) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, redelivery of possession has to be given. In the circumstances, status quo existing as on today shall be maintained. The respondents are directed not to demolish or alter the physical features of the building. But, however, the property can be used for cold storage purpose.” When the matter is taken up for consideration today, the counsel on either side, having regard to the fact that the appeal in AIR (SA) No.1236 of 2010 filed by the petitioner is pending on the file of the Debts Recovery Appellate Tribunal, Chennai, have agreed for disposal of the writ petition with appropriate directions for expedite disposal of the said appeal. In view of the above, we dispose of the writ petition, directing the Debt Recovery Appellate Tribunal, Chennai, to dispose of the appeal in AIR (SA) No. 1236 of 2010 pending on its file, as expeditiously as possible, preferably within a period of six weeks from the date of receipt of the copy of this order. Till the disposal of the appeal, the interim order passed by this Court on 24.01.2011 shall continue. There shall be no order as to costs. _____________ N.V. RAMANA, J _________________ P. DURGA PRASAD, J 18th October 2011 Note:- Issue CC in one week. B/o IBL