Date of reserved for orders : - Date of pronouncement : 29-09-2026 Date of uploading : 29-09-2026 APHC010498442023 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3604] TUESDAY, THE 29th DAY OF SEPTEMBER 2026 PRESENT THE HONOURABLE SMT JUSTICE SUNITHA GANDHAM WRIT PETITION NO: 25816 OF 2023 Between: 1. THE BRANCH MANAGER/FOREMAN, GUMMADAPU SURENDRA, S/O. RAMACHANDRA RAO, AGED 52, CHIRALA BRANCH, MARGADARSI CHIT FUNDS PVT. LTD., CHIRALA, BAPATLA DISTRICT. 2. MARGADARSI CHIT FUNDS PVT. LTD.,, A COMPANY INCORPORATED UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956, REP. BY ITS AUTHORIZED SIGNATORY, GUMMADAPU SURENDRA, SIO. RAMACHANDRA RAO, AGED 52, BRANCH MANAGER, CHIRALA BRANCH, CHIRALA, BAPATLA DISTRICT. ...PETITIONER(S) AND 1. THE STATE OF ANDHRA PRADESH, HOME DEPARTMENT, REP. BY ITS PRINCIPAL SECRETARY, SECRETARIAT BUILDINGS, VELAGAPUDI, AMARAVATI. 2. THE SUPERINTENDENT OF POLICE, BAPATLA, BAPATLA DISTRICT. 3. THE INSPECTOR OF POLICE, CHIRALA I TOWN POLICE STATION, BAPATLA DISTRICT. 4. THE AXIS BANK LTD, REP. BY ITS BRANCH MANAGER, CHIRALA BRANCH, CHIRALA, BAPATLA DISTRICT. 5. THE BRANCH MANAGER, THE AXIS BANK LTD., CHIRALA BRANCH, CHIRALA, BAPATLA DISTRICT. ...RESPONDENT(S): 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 a writ, order or direction more particularly one in the nature of WRIT OF MANDAMUS, impugning the action of the 3rd respondent Inspector of Police and 4th and 5th respondents Axis Bank in freezing the bank accounts of the petitioners Margadarsi Chit Funds Pvt. Ltd., Chirala Branch, vide Account Nos. (1) 917020029774550, (2) 917020029775126 and (3) 917020029775142 of Axis Bank, Chirala Branch in connection with Crime No. 283 of 2023 of Chirala I Town Police Station, Bapatla District by issuing a notice U/s. 102 Cr.P.C. as the same is contrary to law, illegal, arbitrary, against the principles of natural justice and without jurisdiction or authority and to pass IA NO: 1 OF 2023 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 respondents to de-freeze the accounts of the petitioners Margadarsi Chit Funds Pvt. Ltd., Chirala Branch, vide Account Nos. (1) 917020029774550, (2) 917020029775126 and (3) 917020029775142 of Axis Bank, Chirala Branch by suspending the undated notice issued U/s. 102 Cr.P.C. by the 3rd respondent, Inspector of Police in connection with Crime No. 283 of 2023 of Chirala I Town Police Station, Bapatla District, pending disposal of the writ petition and to pass Counsel for the Petitioner(S): 1. P SAI SURYA TEJA Counsel for the Respondent(S): 1. GP FOR HOME The Court made the following: HON’BLE SMT. JUSTICE SUNITHA GANDHAM WRIT PETITION NO: 25816 OF 2023 ORDER: Learned counsel for the petitioners submitted that they have filed a memo stating that the proceedings in crime No.283 of 2023 of Chirala I Town Police Station are closed and the cause in the writ petition does not survive. Learned counsel for the petitioners submitted that this Writ Petition may be dismissed as infructuous. 2. Recorded the submission of the learned counsel for the petitioners. Memo shall form part of the record. 3. In the result, this Writ Petition is dismissed as infructuous. There shall be no order as to costs. As a sequel thereto, pending miscellaneous petitions, if any, shall stand closed. _____________________ SUNITHA GANDHAM, J 29.09.2026 knl