APHC010221212024 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3331] FRIDAY, THE TWENTY EIGHTH DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE SUBBA REDDY SATTI WRIT PETITION NO: 11097/2024 Between: 1. M/S. MANGALAGIRI TEXTILE MILLS PRIVATE LIMITED, REP. BY ITS CHAIRMAN, DR. GOLI NAGASAINA RAO, A COMPANY REGISTERED UNDER COMPANIES ACT, HAVING ITS REGISTERED OFFICE AT H.NO.6/224/8, CHINAKAKANI, MANGALAGIRI - 522 503, GUNTUR DISTRICT. 2. DR. GOLI NAGASAINA RAO,, S/O. LATE MR. G. VISWANADHAM, AGED 65 YEARS, OCC DOCTOR, CHAIRMAN AND MANAGING DIRECTOR OF M/S.MANGALAGIRI TEXTILE MILLS PRIVATE LIMITED, R/O. H.NO.2- , 2-647/276, SRINIVASA NAGAR COLONY, BAGHAMBERPET, HYDERABAD- 500 013. ...PETITIONER(S) AND 1. THE STATE BANK OF INDIA, REP. BY ITS BRANCH MANAGER, KANNAVARITHOTA BRANCH, GUNTUR, GUNTUR DISTRICT. 2. THE STATE BANK OF INDIA, REP. BY ITS AUTHORIZED OFFICER, STRESSED ASSETS MANAGEMENT BRANCH - II, OFFICE AT H.NO.3-4-1013/A, 1ST FLOOR, CAC, TS RTC BUS STATION, KACHIGUDA, ' HYDERABAD - 500 027. ...RESPONDENT(S): 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 one in the nature of Writ of Mandamus declaring that the 1 petitioner company has the right of redemption by paying the entire debt amount for Written Off under Cash Credit Account No.31062072712 and Term Loan Account No.31062108071, by depositing that total amount of Rs.13,71,08,097/- (Rupees Thirteen Crores Seventy One Lakhs Eight Thousands Ninety Seven Only), consequently direct the respondent bank to receive the total sum of Rs. 13,71,08,097/- (Rupees Thirteen Crores Seventy One Lakhs Eight Thousands Ninety Seven Only) and there upon Written Off the debt under Cash Credit Account No.31062072712 and Term Loan Account No.31062108071 of the 1st petitioner company, and to pass IA NO: 1 OF 2024 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 respondent bank not to take any coercive steps against the 1st petitioner company, for the recovery of the amounts due under Cash Credit Account No.31062072712 and Term Loan Account No.31062108071, pending final disposal of the main Writ Petition,, and to pass Counsel for the Petitioner(S): 1. T LAKSHMI NARAYANA Counsel for the Respondent(S): 1. S SATYANARAYANA MOORTHY 2. K B RAMANNA DORA The Court made the following: :: ORDER :: In pursuance of letter dated 27.03.2025 addressed to the Registrar (Judicial), learned counsel for the petitioner seeks permission of this Court to withdraw the present writ petition. Permission is accorded. Accordingly, this Writ Petition is dismissed as withdrawn. No order as to costs. Miscellaneous petitions, if any pending, in this case, shall stand closed. ___________________________ JUSTICE SUBBA REDDY SATTI Date: 28.03.2025 TVN 219 HON’BLE SRI JUSTICE SUBBA REDDY SATTI WRIT PETITION No.11097 OF 2024 Date: 28.03.2025 TVN