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2025 DAILYLAW 19993 (AP)

M/s. Reddy Raw Rice Mill v. The Canara Bank,

WP/14145/2025 · 2025-06-29

Dhiraj Singh Thakur, Ravi Cheemalapati

body2025

Judgment text

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APHC010280462025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) 050 0;^ MONDAY,THE THIRTIETH DAY OF JUNE TWO THOUSAND AND TWENTY FIVE PRESENT THE HON’BLE SRI JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE AND THE HON’BLE SRI JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 14145 OF 2025 Between: M/s. Reddy Raw Rice Mill, Jaladanki, Jaladanki Mandal District Rep. by its Managing Partner M.Raghava Reddy. SPSR Nellore ...PETITIONER AND 1. The Canara Bank, Specialized Assets Recovery and Management Branch (Specialized ARM Branch), 7 Roads Circle, Canara Bank Building, 2'^^ Floor, Kadapa, Rep. by its Authorized Officer. 2. The Canara Bank, Kavali-1 Branch, Kavali, SPSR Nellore District. 3. The Canara Bank, Specialized Asset Recovery and Management Branch (Specialized ARM Branch), KVC Arcade, 3rd Floor, 13-1, RC Road, Vani Nagar, Avilala, Tirupati, Rep. by its Authorized Officer. ...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 of mandamus or any other appropriate writ or direction declaring the action of the respondents in issuing notice under rule 8(6) of the Security Interest (Enforcement) Rules, 2002 on 26.05.2025 and publishing auction notice in newspapers on 30.05.2025 under proviso to rule 9(1) of Security Interest (Enforcement) Rules, 2002 and proposing to conduct auction on 19.06.2025 as illegal, arbitrary, mala-fide and in violation of The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Security Interest (Enforcement) Rules, 2002 and consequently set aside the auction notice dated 26.05.2025 and paper notification dated 30.05.2025 indicating the proposed auction date as 19.06.2025. 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 stay the auction scheduled to be conducted on 19.06.2025 by the respondent herein in pursuance of auction notice dated 26.05.2025 issued by the respondent bank, pending disposal of the Writ Petition. Counsel for the Petitioner: SRI C. SUBODH appearing for SRI G. SRAVAN KUMAR Counsel for the Respondents: SRI HARINARAYANA KANCHABOTLA The Court made the following order: Bench Sr.No;-75 [3483] APHC010280462025 n|QH COURT OF ANDHRA PRADESH AT AMARAVATI m WRIT PETITION NO; 14145 of 2025 ...Petitioner M/s. Reddy Raw Rice Mill Vs. ...Respondents The Canara Bank and others ********** Mr. C. Subodh appearing vice Mr. G. Sravan Kumar Mr. Harinarayana Kanchabotla Advocate for Petitioner Advocate for Respondent :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI : 30th June 2025 CORAM DATE -•“U f t f ■ PC: jr\ . The matterhas become infructuous as, according to learned counsel for the parties, th^re was -no bidder who came forward to participate in the impugned auction. This Writ Petition is. accordingly, disposed of as infructuous. No costs, miscellaneous applications, if any, shall stand Consequently, connected closed. Sd/- P. VINOD KUMAR ASSISTANT REGISTRAR SECTI^ioFFICER //TRUE COPY// To, Kumar, Advocate [OPUC] Kanchabotla, Advocate[OPUC] One CC to Sri G. Sravan One CC to Sri Harinarayana 1. 2. 3. Three CD Copies. ssb HIGH COURT DATED:30/06/2025 ORDER WP No. 14145 OF 2025 DISPOSING OF THE W.P. AS INFRUCTUOUS WITHOUT COSTS