WP/30454/2023 of GUNDRA CHAKRAMU Vs THE INDUS IND BANK on 23 August 2026

1. GUNDRA CHAKRAMU, S/o Mahalakshmana Rao Age 52 years,D.No. 31- 36-45, Rajeev Nagar, MIG-II, A/3, Kurmanapalem, Vadlapudi, Vishakapatnam, A.P.

2. Pathruni Ganga Bhavani, W/o V.V.S. Vara Prasad Age 48 year's,Rajeev Nagar, MIG-II, A/3, Kurmanapalem, Vadlapudi, Vishakapatnam, A.P.

3. Gundra Mahalakshmana Rao, S/o Chakkara Rao Age 50 years.Rajeev Nagar, MIG-II, A/3, Kurmanapalem, Vadlapudi, Vishakapatnam, A.P.

4. Pathruni Sai Prasanna, D/o V.V.S. Vara Prasad Age 28 years Rajeev Nagar, MIG-II, A/3, Kurmanapalem, Vadlapudi, Vishakapatnam, A.P.

5. Sri Deeptthi Piya, D/o V.V.S. Vara Prasad Age 26 years D.No. 31-36-45, Rajeev Nagar, MIG-II, A/3, Kurmanapalem, Vadlapudi, Vishakapatnam, A.P. ...Petitioners AND

1. THE INDUS IND BANK, Rep. by its Vice-President Sri Kotagiri Srikanth, AVP-FRRG, Regional Office at D.No. 1-10-72, 3rd Floor, Ashoka Janardhan Chambers, Begumpet, Hyderabad, Telangana State. ...Respondent

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 toay be pleased issue a Writ or order or direction more particularly one in the nature Writ of Mandamus eclaring the action of the Respondent bank in not receiving part of balance amount to be paid by virtue of bid confirmation letter dated 18-08-2023, having extended 90 days time from 31- 10-2023 and threatening to forfeit the amount already paid i.e., Rs. 93,70,000 Lakhs out of bid amount of Rs. 1,96,87,750/- as illegal, arbitrary and unconstitutional and consequently direct the Respondent bank to allow us to pay balance sale consideration of Rs. 1,03,17,750/- within time extended through email letter dated 15-11-2023 and pass such other order or orders may deem fit and proper in the circumstances of the case, and to pass such 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 may be pleased to direct the respondent bank not to forfeit the amount already paid i.e., Rs. 93,70,000 Lakhs out of total bid amount of Rs. 1,96,87,750/- pursuant to bid confirmation letter dated 18-08-2023 issued in respect of two agricultural landed properties in an extent of Ac 2.00 cents and Ac 0.58 cents totaling to Ac 2.58 cents RS. No. 177/lA of Venkatapuram Village, Rajanagaram Mandal, East Godavari District, pending disposal of the above writ petition and pass such other order or orders may deem fit and proper in the circumstances of the case, pending disposal of the above writ petition and to pass such Counsel for the Petitioners: N RAVI PRASAD Counsel for the Respondent M SRINIVAS The Court made the following order:

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

WRIT PETITION NO. 30454 OF 2023 ORDER: (Per Hon’ble Sri Justice Battu Devanand)

Mr Manoj, learned counsel representing Mr N.Ravi Prasad, learned counsel for the petitioners on record submits that the petitioners intend to withdraw this Writ Petition and sought permission of this Court.

2. Permission is accorded.

3. Accordingly, this Writ Petition is dismissed as withdrawn. 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: 24.08.2026 TM

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

WRIT PETITION NO. 30454 OF 2023

Dated: 24.08.2026 TM