THE HON’BLE SRI JUSTICE A. GOPAL REDDY AND THE HON’BLE SRI JUSTICE SAMUDRALA GOVINDARAJULU W.P.No.9794 OF 2009 And W.V.M.P.No.3085 of 2009 W.P.No.9794 of 2009 BETWEEN: M/s. Sarat Storage Pvt. Ltd., Rep. By its Managing Director, Sri G.V.S.N.L. Santosh, Having its registered office at D.No.6/2/10, Temple View Residency, Lakdi-ka-pool, Hyderabad. PETITIONER And 1. The Authorised Officer, Indian Overseas Bank, Nookalamma Temple Street, Kakinada, East Godavari District, and another. RESPONDENTS Counsel for the petitioner: Mrs. K. Sesharajyam Counsel for the respondent: Sri P. Badripremnath The Court made the following – ORDER: (per Hon’ble Sri Justice A. Gopal Reddy) When the vacate stay petition is taken up for hearing, the learned counsel for the writ petitioner seeks permission of this Court to withdraw the writ petition with liberty to avail the alternative remedy of appeal within a period of four weeks. Accepting the same, we dismiss the writ petition as withdrawn granting liberty to the petitioner to avail the alternative remedy of appeal within a period of four weeks from the date of receipt of a copy of this order. Since the petitioner failed to comply with the conditional order dated 6.05.2009 passed in W.P.M.P.No.12729 of 2009 by depositing 1/4th of the reserve price as mentioned in the impugned notice even within the extended period, the interim stay granted on 6.05.2009 stands vacated. ___________________ (A. GOPAL REDDY, J.) __________________________ (SAMUDRALA GOVINDARAJULU, J.) 3rd November, 2009 Js.