IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD THURSDAY, THE TWENTY SIXTH DAY OF JUNE TWO THOUSAND AND EIGHT PRESENT HON'BLE SRI ANIL R. DAVE, THE CHIEF JUSTICE And HON'BLE SRI JUSTICE R.SUBHASH REDDY WRIT APPEAL NO : 536 of 2008 And WRIT PETITION No.22700 of 2007 (Writ Appeal under Clause 15 of the Letters Patent against the Order dated 25/04/2008 in WP NO : 22700 OF 2007 on the file of the High Court.) Between: 1 Andhra Pradesh Industrial Development Corporation Ltd., Rep. by its Managing Director, Parisram Bhavanam, 5-9-58/Vasit Bagh, Kathamaiden Road, Hyderabad. 2 Andhra Pradesh Industrial Development Corporation Ltd., Rep. by its Managing Director, Hyderabad. ..... APPELLANT AND 1 M/s. Pinakini Hospitals Limited, Formerly known as Mother Meera Hospitals Limited, Rep. by its CEO Mr. P. Ramachandran, 14/75, Harnathapuram. Muthukur Road, Nellore-524002 2 Andhra Pradesh State Financial Corporation ltd., Rep by its Managing Director, Chirag Ali Lane, Hyderabad. .....RESPONDENTS Counsel for the Appellants : MR.S.SRINIVAS REDDY Counsel for the Respondents : MR.P.SUBASH WRIT PETITION No.22700 of 2007 Between: M/s. Pinakini Hospitals Limited, Formerly known as Mother Meera Hospitals Limited, Rep. by its CEO Mr. P. Ramachandran, 14/75, Harnathapuram. Muthukur Road, Nellore ..... PETITIONER AND 1 Andhra Pradesh Industrial Development Corporation Ltd., Rep. by its Managing Director, Parisram Bhavanam, 5-9-58/Vasit Bagh, Kathamaiden Road, Hyderabad. 2 Andhra Pradesh Industrial Development Corporation Ltd., Rep. by its Managing Director, Hyderabad. .....RESPONDENTS Petition under Article 226 of the constitution of India praying that in the circumstances stated in the Affidavit filed herein the High Court will be pleased to pass an order direction or writ more particularly one in the nature of writ of Certiorized Mandamus by calling for the records and declaring the notice No. AGM(M&R)/MMHPL/1155/2007 dt. 21-9-2007 is highly arbitrary, illegal, unjust contrary to law and contrary to the principles of natural justice and contrary to the earlier letters of the 1st Respondent No. M(M-I)/838/97 dt. 3-6-1997 and M (M-I)/837/97 dt. 3-6-1997 and quash the same and consequently direct the 1st Respondent to issue No Objection Certificate to the 2nd Respondent to release the title deeds and other security documents by also releasing the personal guarantees of all founder, promoter and directors and pass such other order or orders as this Hon’ble Court may deem fit and proper in the circumstances of the case. Counsel for the Petitioner : MR.P.SUBASH Counsel for the Respondents : MR.S.SRI RAM REDDY The Court made the following : HON'BLE SRI ANIL R. DAVE, THE CHIEF JUSTICE And HON'BLE SRI JUSTICE R.SUBHASH REDDY WRIT APPEAL No.536 of 2008 And WRIT PETITION No.22700 of 2007 COMMON JUDGMENT : (Per Hon’ble Sri Anil R.Dave, CJ) At the time when Writ Appeal No.536 of 2008 was notified for hearing, learned advocates appearing for the parties have submitted that the parties have settled the matter outside the Court and payments have already been made as stated in the letter dated 24th June 2008, a copy of which is placed on record. In the aforesaid circumstances, neither the writ appeal nor the writ petition shall survive, and therefore, writ appeal No.536 of 2008 as well as writ petition No.22700 of 2007 stand disposed of in view of the settlement incorporated in letter dated 24th June 2008, which has been referred to hereinabove. Parties shall do the needful for complying with the conditions referred to in the said letter. _________________ ANIL R. DAVE, CJ 26th June 2008 ______________________ R. SUBHASH REDDY, J ajr To 1 The Managing Director, Andhra Pradesh Industrial Development Corporation Ltd., Parisram Bhavanam, 5-9-58/Vasit Bagh, Kathamaiden Road, Hyderabad. 2 The Managing Director, Andhra Pradesh Industrial Development Corporation Ltd., Hyderabad.