SRI MAHALAKSHMI CONSTRUCTION VENTURES v. PUNJAB NATIONAL BANK
WP/26114/2026 · 2026-09-10
Battu Devanand, Tuhin Kumar Gedela
body2026
DailyLaw.ai
[ 2026 DAILYLAW 10031 (AP) · dailylaw.ai ]
DailyLaw.ai
[ 2026 DAILYLAW 10031 (AP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
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APHC010479512026
IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction)
FRIDAY, THE 11th DAY OF SEPTEMBER 2026 PRESENT THE HONOURABLE SRI JUSTICE BATTU DEVANAND THE HONOURABLE SRI JUSTICE TUHIN KUMAR GEDELA WRIT PETITION NO: 26114 OF 2026 Between:
1. SRI MAHALAKSHMI CONSTRUCTION VENTURES, Rep. by its Managing Partner Vedullapalli Kameswara Ramanandha Surya Vara Prasada Rao S/o. Late Peda Venkateswarlu Aged about 70 years R/o.D.No.2-19-3 Forest Office Road Madhav Nagar Kakinada East Godavari District.
2. Vedullapalli Kameswara Ramanandha Surya Vara Prasada Rao, S/o. Late Peda Venkateswarlu Aged about 70 years R/o.D.No.2-19-3 Forest Office Road Madhav Nagar Kakinada East Godavari District. ...Petitioners AND
1. PUNJAB NATIONAL BANK, Circle Sastra Centre D.No.9-13-45/2/9/1 8th Floor MVR Vinayagar Plaza CBM Compound VIP Road Visakhapatnam Rep. by its Authorized Officer.
2. Punjab National Bank, Main Branch T. Nagar Rajahmundry Rep. by its Branch Manager ...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 toIssue a writ of mandamus or any other appropriate writ or direction
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declaring the action of the respondent bank in issuing E-Auction sale notice dated 19.08.2026, with date of auction as 10.09.2026 and taking consequential measures as illegal, arbitrary and violation of provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the Security Interest (Enforcement) Rules, 2002 and consequently set-aside e-Auction sale notice dated 19.08.2026 and pass s IA NO: 1 OF 2026 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 stay of all further proceedings in pursuance of the E-auction sale notice Dt.19.08.2026 regarding Item No.1 of the 'schedule mentioned property, pending disposal of the Writ Petition and pass Counsel for the Petitioners: KANAKALA DEVI PRASANNAKUMAR Counsel for the Respondents: The Court made the following order:
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THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HON’BLE SRI JUSTICE TUHIN KUMAR GEDELA WRIT PETITION NO: 26114 OF 2026
ORDER: (Per Hon’ble Sri Justice Battu Devanand)
Learned counsel for the petitioners would submit that in view of the subsequent developments happened after filing of this Writ Petition, nothing survives in this Writ Petition for further adjudication and sought to dismiss this Writ Petition as infructuous.
2. Considering the submission of the learned counsel for the petitioners, this Writ Petition is dismissed as infructuous.
3. There shall be no order as to costs.
As a sequel, miscellaneous petitions pending, if any, shall stand closed.
__________________________ JUSTICE BATTU DEVANAND
____________________________ JUSTICE TUHIN KUMAR GEDELA Date: 11.09.2026 TM
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THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HON’BLE SRI JUSTICE TUHIN KUMAR GEDELA
WRIT PETITION NO: 26114 OF 2026 Date: 11.09.2026
TM
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