THE HON'BLE SRI JUSTICE B.PRAKASH RAO And THE HON'BLE SRI JUSTICE B.N.RAO NALLA WRIT PETITION NO.19870 OF 2010 ORDER: (Per the Hon’ble Sri Justice B.Prakash Rao) Heard Sri Parasa Ananth Nageswar Rao, learned counsel for the petitioners and Sri Deepak Bhattacharjee, learned Standing Counsel for the respondents. At their request, the Writ Petition is taken up for disposal at the admission stage. The petitioners-debtors to the respondent-Bank, invoked the extraordinary jurisdiction of this Court under Article 226 of the Constitution of India, inter alia, seeking to assail the correctness of the proceedings initiated under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) {“the Act” for brevity}, by the Chief Metropolitan Magistrate, Cyberabad, L.B.Nagar, Ranga Reddy District. Though several contentions sought to be urged in regard to the very quantum as sought to be proceeded against and the procedure adopted, apart from the serious delays and latches on the part of the Bank, the fact remains that the petitioners could have as well approached the very same Magistrate or availed the remedy available to them under the law including approaching the Bank by proper representations for reliefs, which they are seeking in this Writ Petition. However, the same could not have gone into in exercise of extraordinary jurisdiction of this Court under Article 226 of the Constitution of India. In fact, any such proceedings are to be entertained, which would virtually defeat the very intention of the Act for the proceedings to be completed at the earliest. Hence, we do no find any justification to interdict with the order of the Tribunal. Accordingly, the Writ Petition is dismissed. No costs. _________________ (B.PRAKASH RAO, J) ________________ (B.N.RAO NALLA, J) 20th September 2010 RRB