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2025 DAILYLAW 13845 (AP)

CHUNDRU VEERA VENKATA SUBBA RAO CHOWDARY v. UNION BANK OF INDIA

WP/8846/2025 · 2025-04-04

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

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APHC010169332025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 8846 of 2025 Bench Sr.No:- 5 Chundru Veera Venkata Subba Rao Chowdary ...Petitioner Vs. Union Bank of India ...Respondent ********** Advocate for Petitioner : Sri P. Rajasekhar Advocate for Respondent : Smt V. Dyumani CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R. RAGHUNANDAN RAO DATE : 04th April 2025 P C : During the course of hearing of the present writ petition, learned Standing Counsel for the respondent Union Bank of India, upon instructions, states that the account of the petitioner has since ceased to be a Non-Performing Asset (N.P.A.) as his account has been upgraded. It is stated that the petitioner would be at liberty to operate his account and continue with the financial transactions from the said account. It is also stated that all proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) have since been dropped against the petitioner and in that context, she makes a statement that even S.A.No.31 of 2025 filed by the petitioner before the Debts Recovery Tribunal, Visakhapatnam would, therefore, become infructuous. 2 2. Be that as it may, the petition is disposed of accordingly. No order as to costs. Pending miscellaneous applications, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ R. RAGHUNANDAN RAO, J AMD 3 04 HON’BLE MR. JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE & HON’BLE MR. JUSTICE R. RAGHUNANDAN RAO WRIT PETITION NO: 8846 of 2025 Dt : 04.04.2025 AMD