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2025 DAILYLAW 30055 (AP)

SRI PRABHA LIFE SCIENCES v. THE AUTHORIZED OFFICER

WP/21929/2025 · 2025-08-20

Dhiraj Singh Thakur, R Raghunandan Rao

body2025

Judgment text

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APHC010430862025 IN THE HIGH COURT OF ANDHRA PRADESH _ AT AMARAVATI (Special Original Jurisdiction) THURSDAY,THE TWENTY FIRST DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE A. PRESENT HON’BLE SRI JUSTICE DHIRAJ SINGH THAKUR, CHIEF JUSTICE AND HON’BLE SRI JUSTICE R RAGHUNANDAN RAO WRIT PETITION NO: 21929 OF 2025 Between: 1. Sri Prabha Life Sciences, Rep. by L. Krishna Chaitanya Managing Partner, APIIC Growth Center Plot no 422, S No 435 437 437 Annagi Village Masddipadu Mandal, Prakasham District, A.P Pin - 523211. 2. L. Prabhavati, W/o. L. Krishna Chaitanya, Age about 50 years Occ Business R/o. H No 1-30, Sahara Estate, Mansoorabad, LB Nagar, Hyderabad. 3. L. Krishna Chaitanya, S/o. L. Ranga Rao, Age 53 years Occ Business R/o. H No 1-30 Sahara Estate, Mansoorabad, LB Nagar, Hyderabad ...PETITIONERS AND The Authorized Officer, Union Bank of India, Ongole Main Branch-2337-1350 Trunk Road, Ongole-523001 A.P ...RESPONDENT^, 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 an order or direction more particularly in the nature of Writ of Mandamus declaring the deliberate action of the Respondent/s in trying to execute the order in CRL.MP NO. 70 of 2025 dated 21-07-2625 on the file of The Chief Judicial Magistrate Cum Principal Senior Civil Judge despite the fact of subsequent OTS approved letter No.04001/NPA dated 22-07-2025 is contrary to the Principle of NOVATION (Section 62 of The Indian Contract Act 1872) and continuing the recovery measures under SARFAESI Act 2002, without issuing further notice to the petitioners as illegal, arbitrary and against the Principles of Natural Justice and also in violation of Articl^14 , 16, 19 1(g) 300 A of Constitution of India. Consequently, direct the Hon’ble Debts Recovery Tribunal at Vishakhapatnam to conclude the proceedings in S.A.No. 557 of 2023 within a stipulated time fixed by this Hon’ble Court in the interest of justice. 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 grant temporary Stay of all further proceedings in Crl.M.P.No.70 of 2025 passed by the Hon’ble Chief Judicial Magistrate cum Principal Senior Civil Judge at Ongole pending disposal of writ petition in the interest of justice^. Counsel for the Petitioners: SRI SIDDARTH C B Counsel for the Respondent: SMT. V. DYUMANI The Court made the following order: APHC010430862025 IN THE HIGH COURT OF ANDHRA PRADESH Bench Sr.No:-i6 AT AMARAVATI [3446] S!¥iS rj WRIT PETITION NO; 21929 of 2025 Sri Prabha Life Sciences and others ...Petitioners Vs. The Authorized Officer, Union Bank of India. Ongole Main Branch. ...Respondent ********** Advocate for Petitioners Advocate for Respondent Mr. Siddarth C B Mrs. V Dyumani CORAM :THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R RAGHUNANDAN RAO : 21®* August, 2025 DATE P C : Learned counsel for the petitioners seeks to withdraw the writ petition. The Writ Petition is accordingly dismissed as withdrawn. No order as to costs. Miscellaneous applications pending, if any, shall stand closed. Sd/- M. RAMESH BABU DEPUTY REGISTRAR //TRUE COPY// SECTION OFFICER To 1. •. One CC to Sri Siddarth C B, Advocate [OPUCj^. 2. One CC to Smt. V. Dyumani, Advocate [OPUC] 3. Two CD Copies. ssb HIGH COURT DATED:21/08/2025 ORDER WP No. 21929 OF 2025 DISMISSING THE W.P. AS WITHDRAWN WITHOUT COSTS