IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH, AT HYDERABAD (Special Original Jurisdiction) PRESENT: THE HON’BLE MR. JUSTICE C.V.NAGARJUNA REDDY MONDAY, THE THIRTY FIRST DAY OF MARCH, TWO THOUSAND EIGHT ONLY WRIT PETITION No.7007 of 2008 Between: Deva Samba Murthy. … Petitioner AND A.P. State Financial Corporation, Represented by its Managing Director, 5-9-194, Chirag Ali Lane, Hyderabad, and another. … Respondents Counsel for the petitioner: Sri A.Prabhakar Rao Counsel for the respondents: Sri T.Durga Reddy. This Court made the following: ORDER:- This Writ Petition is filed for a Writ of Mandamus to declare the action of the respondents in proposing to sell the property bearing No.9-1- 2007 situated at Girmajipet, Radhika Talkies Lane, Warangal, as illegal and arbitrary. At the hearing, Sri A.Prabhakara Rao, learned counsel for the petitioner, submitted that there is no dispute about the liability of the petitioner for payment of the amounts as indicated in the eviction notice dated 4-1-2008 issued by respondent No.2. He, however, stated that if the petitioner is given reasonable time for clearing the outstanding loan amount, he will clear off all the arrears. Having heard the learned counsel for the petitioner and Sri T.Durga Reddy, learned Standing Counsel for the respondents, I am of the view that interest of justice would be met if the respondents are directed not to take any coercive steps, including the sale and eviction of the petitioner from the property in dispute on condition that the petitioner shall pay, within a period of four weeks from today, a sum of Rs.6.00 lakhs, which is stated to be the arrears of installments; and within a period of two months thereafter, the petitioner shall pay the entire balance amount towards Loan Account No.72292814 standing in the name of Ashtalaxmi Silks. The petitioner shall file a written undertaking to the above effect before respondent No.2 within one week from today; failing which, the Writ Petition shall stand automatically dismissed. Subject to the above observations, the Writ Petition is disposed of. ---------------------------------- C.V.NAGARJUNA REDDY,J 31-3-2008. Note: Issue CC in three days. (BO) MNR