THE HON'BLE SRI JUSTICE N.V. RAMANA & THE HON'BLE SRI JUSTICE P. DURGA PRASAD WRIT PETITION NO :11311 of 2011 Dated: 12.9.2011 Between: 1. Ravula Anjan Reddy and another. ..Petitioners And 1. The Federal Bank Limited rep., by its Managing Director and another. ..Respondents This Court made the following: THE HON'BLE SRI JUSTICE N.V. RAMANA & THE HON'BLE SRI JUSTICE P. DURGA PRASAD W.P.No.11311 of 2011 ORDER: (Per Hon’ble Sri Justice N.V. Ramana) This writ petition is filed seeking to declare the notice dated 15.9.2010 issued under Section 13(4) r/w Rule 8 of the Securitization & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the action of the respondent-Bank in trying to physically dispossess the petitioner from Flat No.401, Aarthi Towers, Road No.3, Lokayukta Colony, Saidabad, Hyderabad as illegal and arbitrary. It is the case of the petitioners that they obtained loan of Rs.13,00,000/- from the respondent-Bank for purchasing the flat in question and they have been paying monthly instalments regularly and that as there were some instalments due to be paid to the Bank, the petitioners paid Rs.1,50,000/- on 17.11.2009; Rs.75,000/- on 30.11.2009 and Rs.1,00,000/- and that an amount of Rs.2,21,840/- is due to be paid towards instalments and they requested the respondent-Bank for giving some more time for clearing off the entire loan amount. But the respondent-Bank issued possession notice and thereafter, the petitioners paid an amount of Rs.1,00,000/- and the balance amount due to be paid is Rs.1,21,840/-. While so, the respondent-Bank is insisting that the petitioners should pay back the entire loan amount of Rs.16,11,895/- Hence, the writ petition. On 20.4.2011, while admitting the writ petition, this Court granted interim stay subject to the condition of the petitioners paying entire amount due within a period of three months from that day. Subsequently, as there is no representation on behalf of the petitioners, the matter was directed to be listed under the caption of “for dismissal”. Today, the Counsel for the petitioners brought to the notice of this Court that the interim order has not been complied with. In view of the non-compliance of the conditional order passed by this Court, we are not inclined to entertain this writ petition. Accordingly, the writ petition is dismissed. No order as to costs. __________________ Justice N.V. Ramana DATE: 12.9.2011 ____________________ Justice P. Durga Prasad nn THE HON'BLE SRI JUSTICE N.V. RAMANA & THE HON'BLE SRI JUSTICE P. DURGA PRASAD W.P.No.11311 of 2011 (Order delivered by the Hon’ble Sri Justice N.V. Ramana) 12.9.2011 Nn