IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) TUESDAY, THE TWENTY EIGHTH DAY OF DECEMBER TWO THOUSAND AND TEN PRESENT THE HON'BLE SRI JUSTICE GHULAM MOHAMMED and THE HON’BLE SRI JUSTICE N. RAVI SHANKAR WRIT PETITION No.32871 of 2010 Between: Jalaram Industries ..... PETITIONER(S) AND M.A. Kareem and others .....RESPONDENT(S) THE HON'BLE SRI JUSTICE GHULAM MOHAMMED and THE HON’BLE SRI JUSTICE N. RAVI SHANKAR WRIT PETITION No.32871 of 2010 ORDER: (per HON'BLE SRI JUSTICE GHULAM MOHAMMED) This writ petition is filed seeking a direction to the 4th respondent not to issue sale certificate in favour of and deliver possession to respondent Nos.1 to 3 pursuant to the order dated 23.12.2010 passed by the Debts Recovery Tribunal, Hyderabad (Tribunal), in S.A.No.168 of 2008 before the expiry of the statutory period of 30 days as prescribed under Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘Act’), for preferring an appeal to the Debts Recovery Appellate Tribunal, Chennai (Appellate Tribunal). 2. Heard the learned counsel for the petitioner and the learned Standing Counsel appearing for the respondent-Bank at length. Perused the material available on record. The learned counsel for the 4th respondent-Bank submits that the sale certificate was already issued to the respondent Nos.1 to 3. 3. Without going into the merits of the matter, since the petitioner has a remedy of appeal before the Appellate Tribunal against the orders passed by the Tribunal and since as per Section 18 of the Act any person aggrieved by an order made by the Tribunal under Section 17 of the Act may prefer an appeal to an Appellate Tribunal within thirty days from the date of receipt of the order of the Tribunal and since any action taken by the 4th respondent-Bank in due course will become redundant, we deem it appropriate to direct status quo obtaining as on today shall be maintained by both parties till the expiry of appeal time so that the petitioner can prefer an appeal to the Appellate Tribunal in the meantime. 4. The writ petition is accordingly disposed of. No costs. ___________________________ GHULAM MOHAMMED, J. _______________________ N. RAVI SHANKAR, J. 28th December 2010 CVRK