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2025 DAILYLAW 13381 (AP)

SAINOR LIFE SCIENCES PVT LTD v. THE AUTHORISED OFFICER

WP/8265/2025 · 2025-03-28

Dhiraj Singh Thakur, Ravi Cheemalapati

body2025

Judgment text

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IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI (Special Original Jurisdiction) FRIDAY, THE TWENTY EIGHTH DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT HON’BLE SRI JUSTICE DHIRAJ SINGH THAKUR, THE CHIEF JUSTICE AND HON’BLE SRI JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 8265 OF 2025 Between: M/s. Sainor Life Sciences Pvt. Ltd., Represented by its Executive Director Mr.S.V.Srinivasa Rao, Plot No.59-E, Jawaharlal Nehru Pharma City, Road. No.3, Parawada, Visakhapatnam - 531021. (A.P) ...Petitioner AND 1. The Authorised Officer, Union Bank of India UMFB (SME) Gajuwaka br, 0pp. Panthulugarimeda, Gajuwaka, Visakhapatnam -530 026 2. Registrar, Debts Recovery Tribunal, Visakhapatnam ...Respondents 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 a writ order or direction more particularly in the nature of writ of Mandamus or any Appropriate Writ by declaring the inaction of the Respondent No-2 in not deciding the I.A.No. 375 of 2025 in S.A.No. 77 of 2025 and the action of the First Respondent/Bank in making attempts to conduct the sale on 27.03.2025 and to confirm the Sale and to Register the Sale Certificate is illegal, contrary to Principles of Natural Justice, consequently to direct the First Respondent not to proceed further against the Petitioner's Properties mentioned in schedule therein. lA NO: 1 OF 2025 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to direct the First Respondent not to proceed further in proposed auction dt.27.03.2025 in pursuant to sale notice dt. 18.02.2025, pending disposal of the above writ petition. Counsel for the Petitioner: M/s A.PADMA VANDITHA Counsel for the Respondents: The Court made the following order: Bench Sr.No;-4 [3483] APHC010161782025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI I ■J?: WRIT PETITION NO: 8265 of 2025 ...Petitioner M/s. Sainor Life Sciences Pvt Ltd Vs. The Authorised Officer, Union Bank of India UMFB (SME), Gajuwaka Br. and others ...Respondents ********** Ms. A. Padma Vanditha Advocate for Petitioner Advocate for Respondents CORAM :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 28*^ March, 2025 PC : The petitioner claims that it had already filed an SA before the Debts Recovery Tribunal, Visakhapatnam which was accompanied by an lA which has not been considered at all and the next date has been fixed on 02.04.2025. It is stated that in the meantime, the respondent bank is taking steps to confirm the sale in favour of the auction purchaser and take possession of the property which would render the proceedings before the D.R.T academic. % 2 HCJ & RC, J WP_8265_2025 The Writ Petition is disposed of with a direction to the Debts Recovery Tribunal to consider I.A.No.375 of 2025 in S.A.No.77 of 2025 positively on the next date of hearing. Till then, in case the petitioner is in possession of the property, status quo be maintained. No order as to costs. Miscellaneous applications pending, if any, shall stand closed. Sd/- P.U.V.BHASKAR RAO ASSISTANT REGISTRAR //TRUE COPY// To, SECTION OFFICER 1. The Authorised Officer, Union Bank of India UMFB (SME) Gajuwaka br 0pp. Panthulugarimeda, Gajuwaka, Visakhapatnam -530 026 2. The Registrar, Debts Recovery Tribunal, Visakhapatnam. 3. One CC to M/s A.Padma Vanditha, Advocate [OPUC] 4. Two CD Copies RAM HIGH COURT DATED:28/03/2025 t 28 MAR 2025 ^ Current Section . ^ ORDER WP.No.8265 of 2025 DISPOSING OF THE WP WITHOUT COSTS