THE HON'BLE MR JUSTICE GHULAM MOHAMMED and THE HON'BLE MR JUSTICE B. CHANDRA KUMAR W.P.No.4785 of 2011 ORDER: (Per Sri Justice Ghulam Mohammed) The petitioner availed housing loan facility for a sum of Rs.10,00,000/- from the second respondent-Bank by mortgaging the house bearing Municipal No.11-4-337, admeasuring 205 sq. yards, situated at Christian Colony, Warangal. As he failed to repay the loan amount, the second respondent issued notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short ‘the Act’), and also published a notice, dated 19.11.2010, under Section 13(4) of the Act in ‘Telugu Daily Newspaper’ fixing the date of auction as 20.12.2010. It is stated that the second respondent Bank sold the property in question by virtue of the said notice on 20.12.2010. The petitioner filed SAIR No.22 of 2011 before the first respondent-Debts Recovery Tribunal, Hyderabad (for short the Tribunal) seeking to set aside the sale, dated 20.12.2010, along with an application for stay of all further proceedings. The grievance of the petitioner is that the Tribunal is adjourning the matter from time to time without numbering the appeal and without disposing of the stay application, which is illegal and arbitrary. Hence, this writ petition. 2. Heard the learned counsel for the petitioner and the learned Standing Counsel for the second respondent-Bank. 3. We have perused the material on record. It is stated that the property in question has already been sold by the second respondent on 20.12.2010. Since the appeal against the said sale as well as the stay petition filed before the Tribunal is pending consideration, we deem it appropriate to direct the Tribunal to dispose of the stay application within a period of two weeks from today. Till such time, status quo obtaining as on today shall be maintained. 4. With the above direction, the writ petition is disposed of. No order as to costs. _____________________ GHULAM MOHAMMED, J _____________________ B.CHANDRA KUMAR, J Date:07.03.2011. Note: Issue CC today (Bo) SJ