Andhra Pradesh High Court
WP/22584/2024 of AVANI RESOCURCES PTE LTD Vs RASHTRIYA ISPAT NIGAM LTD(RINL) on 30 October 2025
IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3458] FRIDAY, THE THIRTY FIRST DAY OF OCTOBER TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SMT JUSTICE KIRANMAYEE MANDAVA WRIT PETITION NO: 22584/2024 Between: 1. AVANI RESOCURCES PTE LTD,
APHC010441762024
IN THE HIGH COURT OF ANDHRA PRADESH
AT AMARAVATI
(Special Original Jurisdiction)
FRIDAY,THE THIRTY FIRST DAY OF OCTOBER
TWO THOUSAND AND TWENTY FIVE
PRESENT
THE HONOURABLE SMT JUSTICE KIRANMAYEE MANDAVA
WRIT PETITION NO: 22584/2024
Between:
1. AVANI
RESOCURCES
PTE
LTD,
REPRESENTED
BY
ITS
AUTHORISED SIGNATORY, MR. UJJWAL JAIN, 143 CECIL STREET
24-01/02 GB BUILDING SINGAPORE- 069542
...PETITIONER
AND
1. RASHTRIYA
ISPAT
NIGAM
LTDRINL,
Administrative
Building,
VishakapatnamSteel Plant, Vishakapatnam- 530031, Andhra Pradesh, Indi
...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 toPleased to issue order or orders or a direction or writ more particularly one in the nature of writ of MANDAMUS against the Respondent on account of their inaction in remitting the admitted dues to the Petitioner company and consequentially directing the Respondent to remit the principal outstanding of a sum of USD 57,448,039.20 (US Dollars Fifty Seven Million Four Hundred and Forty Eight Thousand and Thirty Nine and Twenty Cents), the demurrage charges of USD 83,695.89 (US Dollars Eighty Three Thousand Six Hundred and Ninety Five and Eighty Nine Cents) and the interest. calculated at the rate of 8.84percent p.a., amounting to USD
1,940,004.46 (US Dollars One Million Nine Hundred and Forty Thousand and Four and Forty Six Cents), as on 01.09.2024, and such further sums towards interest till the date of repayment, to the Petitioner company, as expeditiously as possible within a timeframe as may be determined by this Hon'ble Court to be just and reasonable, by considering the representations of the Petitioner dated 03.09.2024 and 10.09.2024 and pass
IA NO: 1 OF 2024
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 pleased to direct the Respondent to deposit 50% (Fifty percent) of the admitted dues, which is a sum of USD 29,735,869.80 (US Dollars Twenty Nine Million Seven Hundred and Thirty Five Thousand Eight Hundred and Sixty Nine and Eighty Cents) before this Hon’ble Court pending disposal of the Writ Petition and thus render justice.
Counsel for the Petitioner:
1. KOTHAPALLI SAI SRI HARSHA
Counsel for the Respondent:
1. VIVEK CHANDRA SEKHAR S
The Court made the following:
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ORDER:-
Heard Sri Kothapalli Sai Sri Harsha, learned counsel for the petitioner and Sri S. Vivek Chandra Sekhar, learned counsel for the respondent.
2. Learned counsel for the petitioner seeks permission of the Court to withdraw the present Writ Petition.
3. In view of the same, the Writ Petition is dismissed as withdrawn. There shall be no order as to costs.
As a sequel, all pending miscellaneous applications shall stand closed. ______________________________ JUSTICE KIRANMAYEE MANDAVA Date:31.10.2025 MVK
THE HONOURABLE SMT JUSTICE KIRANMAYEE MANDAVA
WRIT PETITION NO: 22584 of 2024
Date:31.10.2025 MVK