IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI (Special Original Jurisdiction) TUESDAY, THE TWENTY FIFTH DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT HONOURABLE THE CHIEF JUSTICE SRI DHIRAJ SINGH THAKUR AND THE HONOURABLE SRI JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 7754 OF 2025 Between: 1. Sri Kanakadurga Aqua Agencies, Rep. Partner C H M K Raju, D.No. 1-9, Penumantra,West Godavari District. 2. C H M K Raju, S/o.Venkatraju, D.No.2-117, Vadalivanipalem, Palakol Mandal, West Godavari District. ...PETITIONERS AND ICICI Bank, Rep. by its Authorized Officer, Palakol Branch Palakol, Palakol Mandal, West Godavari District. ...RESPONDENT Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue writ or direction more particularly one in the nature of writ of mandamus declaring the auction proceedings going to be conducted on 26-03-2025 to sell the schedule properties is illegal, arbitrary consequently direct the Debt Recovery Tribunal Visakhapatnam to adjudicate the petition filed by the petitioners in S.A.No. 186/2025 pending before the Debt Recovery Tribunal prior to conducting of auction of the schedule property. lA NO: 1 OF 2025 Petition under Section 151 CPC praying that in the circumstances ^ate^- in the affidavit filed in support of the writ petition, the High Court ^ may.be pleased to grant stay of all further proceedings in respect of aodtion to be conducted on 26-03-2025 till the disposal of S.A.No. 186/2025 pending the file of the Debt Recovery Tribunal on Vishakhapatnam. Counsel for the Petitioners : SRI PECHATHY RANGA RAO Counsel for the Respondent: NONE The Court made the following: ORDER APHC010151072025 Bench Sr.No:- IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI 9 [3483] WRIT PETITION NO: 7754 of 2025 Sri Kanakadurga Aqua Agencies and another ...Petitioners Vs. ICICI Bank ...Respondent ********** Advocate for petitioners Advocate for respondent Sri Pechathy Ranga Rao None CORAM :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 25th March 2025 PC : The petitioners claim that they have already preferred a Securitization Application bearing S.A.No.186 of 2025 before the Debts Recovery Tribunal, Visakhapatnam on 14.03.2025 along with an interim application for stay vide I.A.No.1121 of 2025, which has not been considered and only notice has been issued. It is stated that in the meantime, the respondent Bank is proceeding to 2. dispose of the property by way of auction, which would render the S.A. filed before the D.R.T. infructuous. Be that as it may, we dispose of this petition with a direction to the 3. D.R.T. to pass appropriate orders on merits in I.A.No.1121 of 2025 in 2 S.A.No.186 of 2025 preferably, within a period of three (3) weeks from today. In the meantime and till such time I.A.No.1121 of 2025 is considered, status quo be maintained with regard to the possession of the petitioners. No order as to costs. Pending miscellaneous applications, if any, shall stand closed. Sd/- G.HELA NAIDU assistant registrar //TRUE COPY// SECTON OFFICER To 1. The Authorized Officer, ICICI Bank, Palakol Branch Palakol, Palakol Mandal, West Godavari District. 2. One CC to Sri Pechathy Ranga Rao, Advocate [OPUC] 3. Three C.D. Copies. Cnr HIGH COURT DATED:25/03/2025 ORDER WP.No.7754 of 2025 C> S 2 5 MAR 2025 Current Section ^'''s^SPATCW^ DISPOSING OF THE W.P. WITHOUT COSTS