JAYACHANDRA REDDY, J.

( 1 ) THIS Writ Petition is for the issuance of a writ of mandamus or any other writ or direction declaring the sale of the petition-schedule properties by the Andhra Pradesh State Financial Corporation, i. e. , the 2nd respondent, under Section 29 of the State Financial Corporation Act, 1951 in favour of the 4th Respondent, as unconstitutional, illegal and void, and the same came up for hearing before one of us (Sambasiva Rao, J. , as he then was ). During the course of the arguments, the learned counsel for the petitioner questioned the constitutional validity of the Section 29 of the State Financial Corporation Act, 1951, hereinafter referred to as "the Act", and as the same has to be heard by a Division Bench, the writ petition was directed to be posted before a Bench and accordingly it has come up before us.

( 2 ) THE essential facts for appreciating the contentions on behalf of the petitioner, may briefly be stated. The writ petition schedule properties consisting of both movable and immovable properties, which are necessary for the purpose of maintaining the Khandasi Sugar factory situated at Narasmhunipeta, Bobbili Taluk, belonged to Sri Venugopal Khan

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