M/s. Krishna Murthy Spinning Mill Pvt. Ltd., v. THE UNION BANK OF INDIAN
WP/10813/2025 · 2025-04-25
Dhiraj Singh Thakur, Ravi Cheemalapati
body2025
DailyLaw.ai
[ 2025 DAILYLAW 16314 (AP) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 16314 (AP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
APHC010216032025
IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI
WRIT PETITION NO: 10813 of 2025 Bench Sr.No:-10 [0]
M/s. Krishna Murthy Spinning Mill Pvt. Ltd., Represented by its Director, Sri Mittapalli Siva Kumar
...Petitioner Vs. The Union Bank of India and others ...Respondents
********** Advocate for Petitioner :
Mr. S DILIP JAYA RAM Advocate for Respondents :
Mrs. V DYUMANI for R.1
CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 25th April, 2025 P C :
The petitioner had claimed that despite the filing of an SA bearing No.53 of 2025 before the Debts Recovery Tribunal, Visakhapatnam, along with I.A.No.1069 of 2025, no orders were passed in the I.A.
The petitioner claims that in the S.A it had challenged the action of the respondent bank in putting the machinery which is a secured asset with the bank to auction and that no auction had been conducted till date.
This fact is, however, contradicted by learned counsel for the respondent bank who states that the auction has since been conducted and the property sold to a sister concern of the petitioner. The next date in the DRT is fixed on 28.05.2025.
2 HCJ & RC, J WP_10813_2025
Be that as it may, till such time as I.A.No.1069 of 2025 in S.A.No.53 of 2025 is considered, status quo shall be maintained with regard to the subject property. The D.R.T is directed to dispose of IA.No.1069 of 2025 on or before
28.05.2025. No order as to costs.
Miscellaneous applications pending, if any, shall stand closed.
DHIRAJ SINGH THAKUR, CJ
RAVI CHEEMALAPATI, J Note: Issue CC today. B/o Vjl