Telangana High Court
WP/33098/2021 of M/s.MSR Mega Bio Power Ltd Vs Pridhvi Asset Reconstruction and Securitisation Company Ltd on 30 December 2021
Mega Bio Power Ltd, Rep by its Chairman Sri P.Hanumantha Rao, S/o.Late P.Vdnkat Rao, Aged 72 Years, Rlo.1-2-481119, Plot No.9, Flat No 202, Nagarjuna Homes, Nandishwar Nilayam, Kukatpally, Hyderabad - 5OO 072. 2. Smt.tMedishetty Vasantha, W/o.Ashok, No'1-1-144, Amrutha Nilayam, Balasundaram,
HIGH COURT FOR THE STATE OF [TELANGANA](Special Original Jurisdiction)
THURSDAY,THE THIRTIETH DAY [OF DECEMBER]TWO THOUSAND AND TWENTY [ONE]
PRESENT
THE HONOURABLE SRI JUSTICE [UJJAL ][BHUYAN]
AND
THE HONOURABLE SMT JUSTICE [P.MADHAVI ][DEVI]
WRIT PETITION NO: 33098 OF 202'l
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1. M/s.MSR Mega Bio Power Ltd, [Rep ][by its ][Chairman ][Sri ][P.Hanumantha ][Rao,]S/o.Late P.Vdnkat Rao, [Aged 72 Years, ][Rlo.1-2-481119, ][Plot ][No.9, ][Flat ][No ][202,]Nagarjuna Homes, Nandishwar [Nilayam, Kukatpally, Hyderabad ][- ][5OO ][072.]S/o.Late P.Vdnkat Rao, [Aged 72 Years, ][Rlo.1-2-481119, ][Plot ][No.9, ][Flat ][No ][202,]Nagarjuna Homes, Nandishwar [Nilayam, Kukatpally, Hyderabad ][- ][5OO ][072.]
2. Smt.tMedishetty Vasantha, [W/o.Ashok, ][No'1-1-144, ][Amrutha ][Nilayam,]Balasundaram, Hanamkonda, [Warangal - ][560 002]Balasundaram, Hanamkonda, [Warangal - ][560 002]
3. Smt.tvlandala Pushpalatha, [W/o.srinivas ][Reddy, ][R/o ]['1 ][1-23-1 ][165, ][Telecom]Colony, L.B.Nagar, Warangal [- ][506002.]Colony, L.B.Nagar, Warangal [- ][506002.]
4. Sri Mandala Srinivas Reddy, [S/o.Ram Reddy, ][R/o.'1 ][1-23-1165, Telecom ][Colony,]L.B.Nagar, Warangal [- ]506002.L.B.Nagar, Warangal [- ]506002.
5. Smt.Pechara Narmada, [W/o.P.Hanumantha ][Rao ][Rl/o.1-7-941 ][, ][Sahakara ][Nagar]Co-op Society, Hanamakonda, [Warangal - ][506002]Co-op Society, Hanamakonda, [Warangal - ][506002]
...PETITIONER'S
AND
Pddhvi Asset Reconstruction and Securitisation [Company ][Ltd' ][Rep by its]Authorised Officer, R/o.D.No.1-55, [Raja Praasadamu, 4th ][Floor, ][Wing ][-l']Masjid Banda Road, Kondapur, Hyderabad [- 500 084.]
...RESPONDENT
Petition under Article 226 of [the ][constitution ][of ][lndia ][praying ][that in ][the]circumstances stated [in ]the [affidavit filed therewith, ][the ][High Court may ][be ][pleased]to pass order or orders direction [more particularly ][in ][the ][nature ][of ][Writ ][of ][lVlandamus]or any other appropriate [writ, ][order ][by ][setting aside ][the ][sale ][to ][be ][conducted ][on]13.12.2021 ,14.12.2021 and [15.12.2021 ][including taking physical possession ][of the]schedule [properties ]of the [petitioners ][even ][though SA ][ir ][No ][107'1 ][of 2021 is ][pending]adjudication before the [Hon'ble DRT-Il, ][Hyderabad by ][declaring as ][null ][and void ][and]sei aside all the measures initiated [by ][the ][respondent ][Bank right ][from the initiation of]the [proceedings ]under [section ][13 (2), 13 (4), ][Rule ][8(6) and ][9(1) ][of ][the]SARFAESI Act, 2002, [for ][lack ][of ][compliance ][of ][the ][statutory ][requirement ][and ][by]directing the respondent bank [not ][to ][proceed ][further ][in ][taking physical ][possession ][as]well as sale of [property ]of the [petitioner consequently direct ][the ][Debts ][Recovery]Tribunal to [pass ]orders [on merits ][in ][SA ][in ][No ][1071 ][of 2021.]
lA NO: 1 OF 2021
Petition under Section 1l 1 CPC [praying ]that in the circumstances [stated ][in ][the]affidavit filed in support [< ]f the [petition, ]the [High ][Court ][may be pleased ][to ][stay ][of ][all]further proceedings inclt [jing ]taking [physical ][possession ][and ][sale of ][the ][schedule]properties on 13.12.202' ,14.12.2021 and 15.12.2021 in [pursuance ]of the [sale ][notice]dated 30.09.2021 initiat€ I by [(he ]respondent [bank ][under ][the ][provrsions of the]SARFAESI Act till the di, [posal ]of SA.
Counsel for the Petition:r's: SRl. [BALSHETTY ][SANJAY ][KUMAR]
Counsel for the Respor Cent: SRl. [P. ][SRI HARSHA REDDY]
The Court made the foll rwing: [ORDER]
\
HONOURABLE SRI UJJAI BHUYANJUSTICE AND
HONOURABLE SMTJUSTICE P. MADHAVI DEVI
W.P.No.33098 of 2021
Ordet ft Hotth Si lrrtue Ujjat Bbryaa)
Fleard Mr. B.Sanjay Kumar, leamed counsel for the petitioners, andMr. P.Sriharsha Reddy, leamed counsel for the respondent.Mr. P.Sriharsha Reddy, leamed counsel for the respondent.
2. This \Vrit Petition has been filed challenging the sale noticedated 30.09.2021 forauction sale of the secured asset.
3. \We 3. have been informed that in the auction scheduied orl 13,12.2021,14.12,2021 and 15.12,2021, there were no bidden, as a result of which theauction failed.
4In view of above, no live issue survives for adjudication.
5. lWrit Petition is, accordingly, disposed of as infrucruous. Relatedinterim application is also disposed of.
6. No costs.SD/. N. CHANDRA [SEKHAR RAO]ASSISTANT REGISTRAR//TRUE COPY//i\_sEcrloN drrtceR
To,
1 . The Authorised [officer, ][Pridhvi ][Asset Reconstruction and Securitisation]' c;;id;;y ttd,-nvt.o.No.t-ss, Raja Praasadamu,4th Floor' wins -l'Mltii-o alndi, [n-oid, ][Kondapur, Hvderabad ][- ][s00 084']2. One CC to SRl. BALSHETTY SANJAY [KUMAR ][Advocate ][OPUC]
3. One CC to SRl. P SRI HARSHA [REDDY ][Advocate ]IOPUCI
4. Two CD copies.
5. One spare copy.
GB$-.-.-NPJ
HIGH COURT
UB,JPMD,J
DATED:3011212(21
ORDERWP.No.33098 o12021
DISPOSING OI [THE WP]WITHOUT COSTS.
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