THE HON'BLE SRI JUSTICE L.NARASIMHA REDDY WRIT PETITION No.13130 of 2009 ORDER: Respondent No.4, M/s.Siddartha Flash Build Products Private Limited, represented by its Managing Director, respondent No.5 herein, obtained loan from respondent No.1 i.e. A.P. State Cooperative Bank Limited. An extent of Acs. 4.04 cents of land in Survey No.108/1 was mortgaged for repayment of the loan. Respondent Nos.6 to 9 stood as guarantors. Since the loan was not repaid, respondent No.1 initiated proceedings before the Deputy Registrar, respondent No.2 herein, and the same was taken up as ARC/11/99/R1. An award was passed on 31.01.2000 directing sale of the mortgaged property and the sale was conducted on 06.08.2003. The petitioners emerged as successful bidders. Respondent Nos. 4 to 9 filed O.A.No.96 of 2003 before the Andhra Pradesh Cooperative Tribunal, Vijayawada. The appeal was allowed on 28.04.2005 on the ground that the statutory period was not maintained between the date of notice and the date of sale. This writ petition is filed challenging the order in the O.A. Heard the learned counsel for the petitioners and the learned counsel for the respondents. The sale of property referred to above in favour of the petitioners herein was confirmed on deposit of the entire sale consideration. Possession was also delivered to them. The sale was set aside by the Tribunal on the ground that the period prescribed under the relevant provisions of law was not maintained between the date of notice and the date of sale. This Court would have considered the legality or otherwise of the said order, but for the fact that a significant development has taken place subsequent to the filing of the writ petition. After the Tribunal allowed O.A.No.96 of 2003, respondent Nos.4 to 9 filed O.S.No.256 of 2008 in the Court of the II Additional District Judge, Vijayawada against the petitioners for a decree to redeliver the possession of the land. That suit, however, ended in compromise and a decree in terms of the compromise was passed on 29.03.2010. The sale of the land in favour of the petitioners was recognized by respondents 4 to 9 herein and the suit was withdrawn duly acknowledging the sale in favour of the petitioners herein on payment of Rs.5,00,000/-. Reference was also made to the pendency of the present writ petition. Respondent Nos.4 to 9 further state that the petitioners herein shall be entitled to remain in possession of the land. Therefore, the writ petition is disposed of, directing that no further orders are necessary to be passed in view of the compromise decree, dated 29.03.2010, in O.S.No.256 of 2008. The copy of the decree shall form part of the record in the writ petition. There shall be no order as to costs. ______________________ L.NARASIMHA REDDY,J Dt: 20.04.2010. kdl