WP/26788/2026 of RAVI MURALI MOHAN Vs THE RESERVE BANK OF INDIA on 18 September 2026

1. RAVI MURALI MOHAN, s/o. Ravi Sudhakar Rep.by it's His GPA Penmutchu Jagadeesh s/o. Rama krishna, aged about 45 years R/o. D.No.1- 14, Mandepudi, Guntur - 522018 ...Petitioner AND

1. THE RESERVE BANK OF INDIA, Rep. by Governor 16th floor central office building Shahid Bhagat Singh road Mumbai - 400 001

2. The Debt Recovery Tribunal, Rep.by it's Registrar, Gr. and 1st floor, Sri Narayana Bhawanam, Sai Baba Street, Dabagardens, Visakhapatnam - 530002

3. Indian Overseas bank, Rep. by its Chief Manager D.no. 40-9-27, P.B. No.8, Ring road Adjacent to Telco Yard, Trendset Mall Benz Circle, Vijayawada.

4. Indian Overseas Bank, Rep. by its Authorised officer 7-1118, Gandhipeta, near RVSCVS School Chilakaluripeta Branch, Chilakaluripeta Andhra Pradesh - 522616

5. The Regional Manager, Indian Overseas Bank, D.no. 40-9-27, P.B. No.8, Ring road Adjacent to Telco Yard, Trendset Mall Benz Circle, Vijayawada.

6. The Branch Manager, Indian Overseas Bank, 7-1118, Gandhipeta, near RVSCVS School Chilakaluripeta Branch, Chilakaluripeta Andhra Pradesh - 522616 ...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 to issue an appropriate writ, order or direction, more particularly one in the nature of a Writ of Mandamus, declaring the action of Respondent No.2 in not deciding the stay application in respect to E-Auction notice dated.27- 08-2026 proposed to be conducted on 18-09-2026 vide., I.A.No. 4036 of 2026 in S.A.No. 189 of 2026 filed Under 17 (7) of SARFAESI Act, 2002 R/W. Section 19(25) and Section 22(2) of RDDB and FI Act, by the petitioner and further adjourning the case to 18-09-2026 illegal, arbitrary, unconstitutional and violative of the principles of natural justice. Article 14, as 300-A of constitution of india and consequently direct the respondent No.2 to grant stay of all further proceedings pursuant to the E-Auction notice dated.27-08- 2026 by allowing the I.A.No. 4036 of 2026 in S.A.No.189/2026 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 grant stay of all further proceedings pursuant E-Auction sale notice dated. 27- 08- 2026, proposed to be held on 18-09-2026 by the respondents No.3 to 6 pending disposal of the above writ petition Counsel for the Petitioner: PILLIX LAW FIRM Counsel for the Respondents: SUDHA MADHURI GOVINDU Counsel for the Respondents:

THE HON’BLE SRI JUSTICE BATTU DEVANAND & THE HON’BLE SRI JUSTICE TUHIN KUMAR GEDELA

WRIT PETITION No. 26788 OF 2026 ORDER: (Per Hon’ble Sri Justice Battu Devanand)

Learned counsel for the petitioner sought permission of this Court to withdraw this Writ Petition in view of the subsequent developments happened during pendency of this Writ Petition.

2. Permission is granted.

3. Accordingly, this Writ Petition is dismissed as withdrawn.

4. 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 Dated: 19.09.2026 TM

THE HONOURABLE SRI JUSTICE BATTU DEVANAND & THE HONOURABLE SRI JUSTICE TUHIN KUMAR GEDELA

WRIT PETITION NO. 26788 OF 2026

Dated: 19.09.2026 TM