Sri Tippireddy Karunadhara Reddy, v. THE AUTHORISED OFFICER
WP/17114/2025 · 2025-07-09
Dhiraj Singh Thakur, R Raghunandan Rao
body2025
DailyLaw.ai
[ 2025 DAILYLAW 24240 (AP) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 24240 (AP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
APHC010342292025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) THURSDAY,THE TENTH DAY OF JULY TWO THOUSAND AND TWENTY FIVE PRESENT HON’BLE SRI JUSTICE DHIRAJ SINGH THAKUR, THE CHIEF JUSTICE AND THE HON’BLE SRI JUSTICE R RAGHUNANDAN RAO WRIT PETITION NO: 17114 OF 2025 Between: Sri Tippireddy Karunadhara Reddy, S/o Lakshma Reddy, Rep., M/s Hindu, aged 38 yrs, R/o Mittamidavari Veedhi, Pakalapadu, Sattenapalli Mandal, Welfare Agritech Pvt. Ltd., as its Director, D.no. 256, Guntur (AP) - 522 403 ...Petitioner AND
1. The Authorised Officer, State Bank of India, Stressed Asset Recovery Branch, Administrative Office Campus, Balajinagar, Siripuram Junction, Visakhapatnam - 530 003
2. The Branch Manager, State Bank of India 2nd Floor, Opp Srikanya Theatre, Visakhapatnam (AP)- 530 016
3. State Bank Of India, Stressed Asset Recovery Branch by its Authorized Office, Administative Office Campus, Balajinagar, Siripuram Junction,Visakhapatnam~530 003 (Respondent No.3 was incorporated as party respondent as per c.o.dt.10.07.2025 in W.P.No.17114 of 2025.) 43-9-193, Mani Residency, Railway New Colony, represented
...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 any writ order or direction more particularly one in the nature of Writ of Mandamus declaring the action of the respondents in non-disposal of I.A.no. 2598 of 2025 in S.A.no. 18 of 2024 and also main case S.A no. 18 of 2024 on the file of Debt Recovery Tribunal at Visakhapatnam and adjourning the matter to 18-7-2025 as highly illegal and arbitrary and consequentially direct the Debts Recovery Tribunal. VSP to consider finally dispose off the I.A.no. 2598 of 2025 in S.A.no. 18 of 2024 the main case S.A.no. 18 of 2024 by fixing specific time coercive steps against the properties of the petitioner with the possession notice dt. 26-6-2025. and as well as till then not to take company in connection lA NO: 1 OF 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 of dispossession of the petitioner company from pursuant to notice dt. 26-6-2025 issued by the 1st respondent in S.A.no. 18 of 2024 on the file of Debt Recovery Tribunal, Visakhapatnam pending disposal of the above writ petition.
Counsel for the Petitioner: SRI T M K CHAITANYA Counsel for the Respondents: SRI S SATYANARAYANA MOORTHY The Court made the following order: the properties in
APHC010342292025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI WRIT PETITION NO: 17114 of 2025 Bench Sr.No:-6 [3446] Sri Tippireddy Karunadhara Reddy ...Petitioner Vs. The Authorised Officer and another ...Respondents ********** Advocate for Petitioner Advocate for Respondents Mr. T M K Chaitanya Mr. S. Satyanarayana Moorthy CORAM .THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R RAGHUNANDAN RAO : 10**’July, 2025 DATE PC: The petitioner claims that Tribunal, Visakhapatnam, by even when he is before the Debts Recovery way of S.A.No.18 of 2024, which accompanied by an application for interim protection bearing No.3401 of 2024 on which no orders have been passed till date, started proceedings to dispossess the petitioner from the was the respondent Bank has premises in question which is the secured asset with the respondent Bank. 2. It is stated that to ward off the threat of dispossession application was made by the petitioner before the D.R.T date of hearing which was allowed and the matter has
18.07.2025. , an for pre-poning the now been advanced to
2 HCJ & RRR, j'" WP_17114_2025 It IS stated that in case the petitioner was to be dispossessed before hearing could take place, prejudice wouid be caused to the interest petitioner during the proceedings before the D.R.T We dispose of this Writ Petition Recovery Tribunal, Visakhapatnam, which is fixed for final hearing. the of the
3. with a direction to the Debts to pass appropriate orders on the date In the meantime, till such time interim application for interim whichever is earlier, status as appropriate orders are passed in the relief or the matter is finally disposed of, quo be maintained with regard to the the petitioner over the secured asset. No order possession of as to costs. Miscellaneous applications pending, if any, shall stand closed. K TATA RAO DEPUty registrar I //TRUE COPY// SECTION OFFICER To,
1. The Authorised Officer, State Bank of India, Stressed Asset Recovery Branch, Administrative Office Campus, Balajinagar, Siripuram Visakhapatnam - 530 003
2. The Branch Manager, State Bank of India, Opp Srikanya Theatre, Visakhapatnam (AP)- 530 016
3.
State Bank Of India, Stressed Asset Recovery Branch, Its Authorized Office, Administrative Office Campus, Siripuram Junction,Visakhapatnam-530 003
4. The Debts Recovery Tribunal, Visakhapatnam. 5. One CC to Sri. T M K Chaitanya Advocate [OPUC]
6. One CC to Sri. S Satyanarayana Moorthy Advocate [OPUC]
7. Three CD Copies Junction, 43-9-193, Mani Residency, Railway New Colony, 2nd Floor, represented by Balajinagar , gsc
HIGH COURT DATED:10/07/2025 ORDER WP NO. 17114 OF 2025 of andh^;|^ ^ Current Secuon ;9 nil Co!m DISPOSING THE WP WITHOUT COSTS