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2025 DAILYLAW 43849 (AP)

M/s. Amaravathi Inn Private Limited, v. State Bank of India,

WP/34074/2014 · 2025-09-02

Sumathi Jagadam

body2025

Judgment text

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APHC010057132014 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3459] WEDNESDAY,THE THIRD DAY OF SEPTEMBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SMT JUSTICE SUMATHI JAGADAM WRIT PETITION NO: 34074/2014 Between: 1. M/S. AMARAVATHI INN PRIVATE LIMITED,, REP. BY ITS MANAGING DIRECTOR, S. VIMALA DEVI,. W/O: LATE S. RANGA RAJU, AGED ABOUT 53 YEARS, D.NO.6-2-9724, FLAT NO.103,- SUN N.SEA APARTMENTS, EAST POINT COLONY, VISAKHAPATNAM. 2. M/S. AMARAVATHI RESIDENCY,, REP. BY ITS MANAGING PARTNER, S. VIMALA DEVI, W/O. LATE S. RANGA RAJU, AGED ABOUT 53 YEARS, D.NO.30-15-132, TRIJA TOWERS, LIC COLONY, DABA GARDENS, VISAKHAPATNAM. ...PETITIONER(S) AND 1. STATE BANK OF INDIA, rep. by its Manager and Authorized Officer, Stressed Assets Management Branch, 1-1-78, R.P.Road, Secunderabad ...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 toto issue a Writ of Mandamus or any other appropriate writ and direct the respondent to consider and grant onetime settlement offer of the petitioners for payment of Rs.8.27 crores as against the outstanding loan amount of Rs.10.88 crores, at the earliest and enable the petitioners to pay the amounts so determined, towards full and final settlement of the loan accounts of the petitioners and direct the respondent bank to release the title documents of the petitioners 2 concerning the secured assets on payment of the said onetime settlement amount and grant IA NO: 1 OF 2014(WPMP 42627 OF 2014 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 the respondent bank to consider and grant the revised onetime settlement offer of the petitioners at Rs.8.27 crores as against' the outstanding loan amount of Rs.10.88 crores, pending disposal of the writ petition, and grant Counsel for the Petitioner(S): 1. M/S BHARADWAJ ASSOCIATES Counsel for the Respondent: 1. S SATYANARAYANA MOORTHY 2. AMBADIPUDI SATYANARAYANA The Court made the following: 3 ORDER: Despite the matter being posted today i.e., on 03.09.2025 under the caption ‘for Dismissal’, there is no representation for the petitioners. On 02.09.2025 and 02.12.2014, there was no representation for the petitioners. 2. Therefore, it appears that the petitioners have no interest to prosecute the case. Hence, this Writ Petition is dismissed for non- prosecution. There shall be no order as to costs. As a sequel, pending miscellaneous petitions, if any, shall stand closed. __________________________ JUSTICE SUMATHI JAGADAM 3rd September, 2025 cbn 4 243 THE HON’BLE SMT. JUSTICE SUMATHI JAGADAM WP No.34074 of 2014 3rd September, 2025 cbn