IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) FRIDAY, THE TWENTY FIFTH DAY OF JULY TWO THOUSAND AND EIGHT PRESENT THE HON'BLE MR JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO : 15759 of 2008 Between: Karnala Balaramaiah, s/o. Pullaiah, R/o. H.No. 27-3-645, Saraswathinagar, Nellore. ..... PETITIONER AND The Chief Manager, State Bank of Hyderabad, Nellore Main Branch, Stone Housepet, Nellore. .....RESPONDENT 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 to issue an appropriate writ, order or direction, more particularly one in the nature of Writ of Mandamus declaring the action of respondent in not receiving the amount on loan account of M/s. Sri Lakshmi Venkataramana Traders in terms of the letter No. F/ADV/SL/SLVRTRADERS/34, dated 28-4-2008 issued by the respondent as illegal arbitrary, and violative of principles of natural justice, and consequently to set aside the letter No. F/ADV.SLVR TRADERS dated 10-6-2008 issued by the respondent and direct the respondent to receive the amount as per the terms of the Letter No. F/ADV/SLVR TRADERS/34, dated 28-4-2008 and to pass Counsel for the Petitioner: SMT.CHINTALAPUDI LAKSHMI KUMARI Counsel for the Respondent No.: . The Court made the following : O R D E R: This Writ Petition has been filed by Karnala Balaramaiah with a prayer to issue a Writ of Mandamus declaring the action of respondent-The Chief Manager, SBH, Nellore in not receiving the amount on loan account of M/s Sri Lakshmi Venkataramana Traders in terms of the letter No.F/ADV/SLVR/TRADERS/34, dated 28.4.2008 as illegal and arbitrary. When this writ petition came up for admission learned Standing Counsel for the respondent-Bank submits that communication has been sent to Sri.Bala Prasad, Advocate, Hyderabad on 23.7.2008. A copy of the communication has been placed on record. The text of the letter reads as under: “ In view of the recent developments, we have to inform, having our Regional Office consent for repayment of the balance amount of Rs.4.00 lacs along with interest at SBH PLR for the period of delay beyond 31.3.2008 and other charges, if any, provided such repayment is effected before 14.8.2008.” Learned counsel appearing for the petitioner has handed over demand drafts to the tune of Rs.4.00 lakhs to learned Standing Counsel appearing for the respondent- Bank in this Court. In view of the above communication, this writ petition is disposed of directing the respondent-Bank to accept Rs.4.00 lacs along with interest at SBH PLR for the period of delay beyond 31.3.2008 and other charges, if any, on or before eight weeks from today. 25th July, 2008. (B.Seshasayana Reddy,J) tnb ASSISTANT REGISTRAR // TRUE COPY // SECTION OFFICER To 1.2CCs to 2.2CD copies Form-NIC-OGS/WP{RLD} THE HONOURABLE SRI JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO.15759 OF 2008 25TH JULY, 2008