Extracted from the PDF above. The PDF is authoritative.
APHC010514522025
IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI
WRIT PETITION NO: 26654 of 2025 Bench Sr.No:-14 [3446] Anil Aquatech and others ...Petitioner(s) Vs. The Authorised Officer and others ...Respondent(s) ********** Advocate for Petitioners: Mr. M. R. S. Srinivas Advocate for Respondents: -
CORAM : THE CHIEF JUSTICE DHIRAJ SINGH THAKUR SRI JUSTICE R. RAGHUNANDAN RAO DATE : 26th September, 2025.
P C :
The petitioners state that they had already approached the Debts Recovery Tribunal, Visakhapatnam, by way of S.A.No.469 of 2025 along with interlocutory application seeking interim protection in which no orders have been passed and that in the meantime, the petitioners are being sought to be dispossessed by resorting to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which would render the proceedings before the D.R.T academic.
2. Considering the limited nature of controversy, we dispose of this Writ Petition with a direction to the D.R.T to pass appropriate orders in the interlocutory application filed by the applicants seeking interim protection in S.A.No.469 of 2025 preferably within eight weeks from today. In the
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meantime, status quo shall be maintained with regard to the possession of the petitioners.
3. We, however, make it clear that in case the D.R.T finds that the petitioners are in any manner trying to delay the consideration of the IA or for that matter disposal of the S.A, it would be open to the Tribunal to pass appropriate orders in that regard.
No order as to costs. Miscellaneous applications pending, if any, shall stand closed.
DHIRAJ SINGH THAKUR, CJ.
R. RAGHUNANDAN RAO, J. SSN