APHC010232912025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 11655 of 2025 Bench Sr.No:-15 [3483] Mukkamalla Lokeswar Reddy ...Petitioner Vs. Canara Bank and others ...Respondents ********** Advocate for petitioner : Sri S. V. Muni Reddy Advocate for respondents : Sri Sreedhar Valiveti CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 5th May 2025 P C : Learned counsel for the parties agree that in case the entire outstanding amount is deposited within a period of six weeks by the petitioner, the proceedings initiated under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) shall be dropped. 2. In that view of the statement, the further proceedings initiated by the respondent Bank are stayed for a period of six (6) weeks. In case the amount is not so deposited by the petitioner, it shall be open to the respondent Bank to recover the said amount by resort to the remedies which are available in law. 3. Accordingly, the Writ Petition is disposed of. No order as to costs. 2 Pending miscellaneous applications, if any, shall stand closed. DHIRAJ SINGH THAKUR, CJ RAVI CHEEMALAPATI, J AMD Note:- Furnish C.C. today. B/O AMD 3 14 HON’BLE MR. JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE & HON’BLE MR. JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 11655 of 2025 Dt:05.05.2025 AMD