APHC010596342025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3327] MONDAY, THE SECOND DAY OF FEBRUARY TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE K SREENIVASA REDDY WRIT PETITION NO: 31121/2025 Between: 1. PERUMAL DILLIBABU REDDY, S/O. VENKATA CHALAPATHI REDDY, AGE- 61 YEARS, OCC- JOURNALIST, R/O.20-4- 34/G3, JAYALAKSHMI STREET, KOTTAPALLI, TIRUPATI TOWN, TIRUPATI URBAN MANDAL, TIRUPATI DISTRICT, ANDHRA PRADESH-517501. ...PETITIONER AND 1. THE INDIAN OVERSEAS BANK, REP. BY ITS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER (MD AND CEO), CENTRAL OFFICE, D.NO.762/763, LOB, ANNA SALAI, CHENNAI POST, TAMILNADU-600002. 2. THE BRANCH MANAGER, INDIAN OVERSEAS BANK, W MAHAL ROAD (MASK ROAD), NEAR NEW MUNICIPAL OFFICE, TIRUPATI, TIRUPATI DISTRICT, ANDHRA 2 PRADESH. ...RESPONDENT(S): Counsel for the Petitioner: 1. PEETA RAMAN Counsel for the Respondent(S): 1. SUDHA MADHURI GOVINDU 3 THE HON’BLE SRI JUSTICE K SREENIVASA REDDY Writ Petition No. 31121 of 2025 ORDER: This Writ Petition has been filed seeking to declare the action of the respondent/banker in not permitting the petitioner to clear the vehicle loan dues of Rs.3,11,000/- relating to Loan Account No. 043303271000006, pursuant to the One Time Settlement entered into by the petitioner with the respondent/banker, as illegal, and consequently to direct the respondent/banker to permit the petitioner to clear the said vehicle loan dues to the extent of Rs.3,11,000/- in terms of the One Time Settlement entered into between the petitioner and the respondent/banker. 2. Heard learned counsel for the petitioner and the learned counsel for the respondents. Perused the record. 3. Learned counsel for the petitioner submits that the petitioner availed a loan to the tune of Rs.8,00,000/- in the year 2010 under Loan Account No. 271000006 for the purpose of purchasing an Innova vehicle. Thereafter, the petitioner committed default in repayment of the loan, and in due course, 4 respondent No.2 declared the petitioner’s loan account as a Non- Performing Asset (NPA). Pursuant thereto, respondent No.2 filed a suit in O.S. No. 325 of 2019 on the file of the learned V Additional Junior Civil Judge, Tirupati, for recovery of the amount. 4. Case of the petitioner is that the said vehicle met with an accident, on the basis of which a case in Crime No. 165 of 2024 was registered for the offence under Section 173 of the BNSS. The petitioner, intending to clear the loan amount, opted for a One Time Settlement, and accordingly, both the petitioner and respondent No.2 agreed to settle the vehicle loan for a sum of Rs.3,11,000/-. In furtherance of the said settlement, the petitioner handed over demand drafts amounting to Rs.3,11,000/- to respondent No.2. 5. Learned counsel for the respondents also concurred with the submissions made by the learned counsel for the petitioner that the vehicle loan has been settled for a sum of Rs.3,11,000/- and the same was paid by the petitioner by way of Demand Draft, and that the dispute between the parties now stands settled. 6. In view of the submissions made by both sides, no further orders are necessary in the present Writ Petition. 5 7. Accordingly, the Writ Petition is closed. No costs. As a sequel, miscellaneous petitions, if any, pending in this Writ Petition shall stand closed. ______________________________ JUSTICE K. SREENIVASA REDDY 02.02.2026 Asr 6 THE HON’BLE SRI JUSTICE K.SREENIVASA REDDY Writ Petition No.31121 of 2025 Date: 02.02.2026 Asr