Dr A Ratnamaiah vs. State Bank Of India
Court:High Court of Andhra Pradesh
Judge:Hon'ble A V Sesha Sai
Case Status:Unknown Status
Order Date:7 Jan 2022
CNR:APHC010489672021
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Order Issued After Hearing
Purpose:
Admission
Before:
Hon'ble Ahsanuddin Amanullah , B S Bhanumathi
Listed On:
3 Jan 2022
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Order Text
HIGH COURT OF ANDHRA PRADESH : AT AMARAVATI
MAIN CASE No: WP No. 29466 of 2021
PROCEEDING SHEET
| S1.<br>$No.$ | DATE | ORDER | OFFICE<br>NOTE |
|---|---|---|---|
| $01.$ | 07.01.2022 | AHSANUDDIN AMANULLAH, J<br>and | |
| <b>B. S. BHANUMATHI, J</b> | |||
| <i>(Per Hon'ble Mr. Justice Ahsanuddin Amanullah)</i> | |||
| Heard Mr. Battu Srinivasa Rao, learned<br>counsel representing Mr. Ch. Srinivas, learned<br>counsel for the petitioner.<br>$2.$<br>Learned counsel for the petitioner<br>submitted that he is the guarantor to the loan which<br>has become Non Performing Asset (NPA) for which<br>his property has been put to auction sale. It was<br>submitted that the petitioner had offered the bank<br>to pay Rs.18,00,000/- but the bank has gone ahead<br>with the sale for only Rs.16,00,000/- and now the<br>sale is sought to be confirmed. It was submitted that | |||
| the petitioner shall pay $Rs.18,00,000/-$ within two | |||
| weeks.<br>3. Having regard to the aforesaid, let the<br>petitioner<br>deposit<br>$Rs.18,00,000/-$<br>with<br>the<br>respondent – bank and file affidavit to that effect<br>showing such deposit. | |||
| 4. Let personal notice be effected on the<br>respondents and proof of service filed and the<br>matter be listed on 21.01.2022.<br>5. In the meantime, the respondent-bank<br>shall not confirm the sale and issue sale certificate.<br>6. Learned counsel for the petitioner shall<br>inform the respondent bank with regard to the<br>present order. | |||
| (AHSANUDDIN AMANULLAH, J)<br>(B. S. BHANUMATHI, J)<br>$Mjl$ /* | |||
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