APHC010388052025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) TUESDAY,THE TWENTY NINETH DAY OF JULY TWO THOUSAND AND TWENTY FIVE PRESENT HON’BLE SRI JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE AND HON’BLE SRI JUSTICE RAVI CHEEMALAPATI WRIT PETITION NO: 19679 OF 2025 Between: Balaji Cotton Agros, Rep. by its Proprietor, Bandia Venkateswara Rao S/o Nageswara Rao, Aged about 59 Years, Flat No.504, Pallavi Heights College Road, Pattabhipuram, Guntur-522006. JKC ...PETITIONER AND 1. Union Bank of India, Rep by its General Manager, Asset Recovery Branch (79170), 4‘^ Floor, Andhra Bank Building Vijayawada, arb.vijayawada(gunionbankofindia.bank. 2. M/s Union Bank of India, Rep by its Assistant General Manger, Asset Recovery Branch (79170), 4*' Floor, Andhra Bank Building Apparao Street, Vijayawada, A.P. - 520001. 3. National Company Law Tribunal(NCLT), Amaravati, 2"^^ Floor, APIIC Building, Mangalagiri, Guntur District. 4. Madala Venkata Rao, S/o Madala Sambasiva Rao, Aged about 46 Years, Occ: Business R/o 4-19-96, Vikas nagar 7*^ line, Guntur Urban. A.P - 522007. R. R. Apparao Email: Street, A.P. 520001 R. R. 5. Mr. Srikanth, S/o not Known, Occ: Assistant General Manger, Asset Recovery Branch (79170), 4'*^ Floor, Andhra Bank Building, R. R. Apparao Street, Vijayawada, A.P. - 520001 , I 6. "Mrs. Sarada, S/o not Known, Occ: Deputy General Manager, Asset A "Recovery Branch (79170), Floor, Andhra Bank Building, R. R. Apparao Street, Vijayawada, A.P. - 520001 ...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, order or direction more particularly one in the nature of Writ of Mandamus to declare the action of Respondent No.2 in conducting another E-Auction Sale scheduled on 30.07.2025, despite the subsistence of a One- Time Settlement (OTS) proposal dated 22.08.2024 and while the matter is sub judice before Respondent No.3, and having already received an amount from the 4*^ Respondent exceeding the reserve price fixed by Respondent No.2 without releasing the property documents to the 4*'^ Respondent, as arbitrary, illegal, and in violation of the principles of natural justice and consequently direct Respondent No.2 to cancel the impugned E-Auction Sale dated 30.07.2025 and hand over the property documents to the 4*^ Respondent. 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 direct Respondent No.2 to cancel the impugned E-Auction Sale dated 30.07.2025 and hand over the property documents to the 4^*^ Respondent pending disposal of the main writ petition. Counsel for the Petitioner: SRI PONNEKANTI MALLIKARJUNA RAO Counsel for the Respondents: The Court made the following order: t Bench Sr.No;-3 [3483] IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI APHC010388052025 WRIT PETITION NO: 19679 of 2025 ...Petitioner Balaji Cotton Agros Vs. ...Respondents Union Bank of India and others ********** Mr. Ponnekanti Mallikarjuna Rao Advocate for Petitioner Advocate for Respondents CORAM -.THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE RAVI CHEEMALAPATI DATE : 29**’ July 2025 P C : In our opinion, the present Writ Petition is totally misconceived and is, accordingly, dismissed with liberty to the petitioner to approach the appropriate forum in case the petitioner is so advised. No order as to costs. Miscellaneous applications pending, if any, shall stand closed. Sd/-SHAIK MOHD. RAF! ASSISTANT REGISTRAR f ^ SECTION OFFICER //TRUE COPY// To, 1. One CC to Sri Ponnekanti Mallikarjuna Rao, Advocate [OPUC] 2. Two CD Copies. ssb HIGH COURT DATED:29/07/2025 ORDER WP No.19679 OF 2025 X 11| AUG 2025 m •i.^ Current secuon ^’555^ESPATC\'^ DISMISSING THE W.P. WITHOUT COSTS