M/s. Nishi Egg Poultry Product Private Limited, v. THE AXIS BANK LIMITED
WP/5378/2025 · 2025-05-04
Subba Reddy Satti
body2025
DailyLaw.ai
[ 2025 DAILYLAW 50255 (AP) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 50255 (AP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI (Special Original Jurisdiction) MONDAY ,THE FIFTH DAY OF MAY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE SUBBA REDDY SATTI WRIT PETITION NO: 5378 OF 2025 Between: M/s. Nishi Egg Poultry Product Private Limited, A company registered under the Companies Act, 1956 Rep. by its Managing Director, Registered Office at D.No.23-3-8/1, Sajjapuram, Tanuku, Andhra Pradesh- 534211 ...PETITIONER AND The Axis Bank Limited, Rep. by its Managing Director, Corporate Office @ Axis House, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400 025. The Axis Bank Limited, SME Centre, Rep. by its Manager, D.N0.22/1223/A-1, Grand Trunk Road, Near RTC Depot, Ramesh Reddy Nagar, Nellore -524003. The Axis Bank Limited, Branch Tanuku, 125 V.Soma Sundaram Mansion Opposite Hero Honda Showroom, Tadepalligudem Road, Tanuku, Andhra Pradesh-534211. 1. 2. 3. ...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 an Writ or order or direction or more particularly one in the nature of Writ of Mandamus declaring the action of the respondent bank
i' in not releasing of the documents of the petitioner under sanctioned Reference AXIS/CBG/MEGA/JA/11/2024-25, DATED 10.07.2024 and also demanding 2percent pre closure charges contrary to the terms of renewal as hi^Jy arbitrary, illegal, null and void, contrary to the guidelines issued by the Reserve Bank of India, amounts to un fair trade practice apart from violative under Article 19(1)-(g) of the Constitution of India and consequently to direct ' the respondent bank to release the documents forth within the above said sanctioned reference credit facility. lA NO: 1 OF 2025 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of the writ petition, the High Court may be pleased to direct the respondent bank to release the documents under sanctioned reference AXIS/CBG/MEG/VJA/11/2024-25, DATED 10.07.2024 in favour of the petitioner, pending disposal of the above writ petition. Counsel for the PetitionerSRI BALAJI MEDAMALLI Counsel for the Respondents: SAI GANGADHAR CHAMARTY The Court made the following: ORDER
APHC010101742025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction)
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MONDAY ,THE FIFTH DAY OF MAY TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE SUBBA REDDY SATTI WRIT PETITION NO: 5378/2025 Between: M/s. Nishi Egg Poultry Product Private Limited, ...PETITIONER AND The Axis Bank Limited and Others ...RESPONDENT(S) Counsel for the Petitioner:
1.BALAJI MEDAMALLI Counsel for the Respondent(S):
1. SAI GANGADHAR CHAMARTY The Court made the following:
:: ORDER :: In pursuance of letter dated 01.05.2025 addressed to the Registrar (Judicial), learned counsel for the petitioner seeks permission of this Court to withdraw the present writ petition. Permission is accorded. Accordingly, this Writ Petition is dismissed as withdrawn. No order as to costs. Miscellaneous petitions, if any pending, in this case, shall stand closed. Sd/- A.VIJAYA BABU ASSISTANT REGISTRAR //TRUE COPY// To,
1. OneCCto SRI. BALAJI MEDAMALLI
2. One CC to SRI. SAI GANGADHAR
3. Three C.D.Copies Advocate [OPUC] CHAMARTY Advocate [OPUC] nm
c> HIGH COURT DATED:05/05/2025 ORDER WP.No.5378 of 2025 % 2 8 may 2025 ^ . Current oecuon , DISMISSING THE WP AS WITHDRAWN WITHOUT COSTS