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2012 Supreme(AP) 422

V.V.S.RAO, G.KRISHNA MOHAN REDDY
Rohini Footwears – Appellant
Versus
Vijaya Bank, West Marredpally branch, Hyderabad, rep. by Authorised Officer – Respondent


Advocates Appeared:
For the Petitioner:Ch. Ravinder, Advocate.
For the Respondent:G.K. Deshpande, Advocate.

Judgment :-

G. Krishna Mohan Reddy

Writ Petition No.20579 of 2010 is filed to declare the action of the respondents in proceeding to take possession of the secured assets of the petitioners having obtained orders from the Chief Metropolitan Magistrate, Hyderabad under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, (for short ‘the Act’) without considering the representation of the petitioner therein and without issuing any notice to them under Section 13(2) or Section13(4) of the Act respectively as illegal and arbitrary and also direct the respondents not to dispossess the petitioners from the secured assets respectively.

Writ Petition No.14487 of 2011 is filed to declare the action of the respondents to take possession of the secured assets of the petitioners having obtained orders from the Chief Metropolitan Magistrate, Hyderabad under Section 14 of the Act, without considering the representation of the petitioner therein, pursuant to the issuance of notice under Section 13(2) of the Act and without issuing any notice to them under Section 13(4) of the Act respectively, as illegal and arbitrary and direct th

























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