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2017 Supreme(AP) 270

C.V.NAGARJUNA REDDY, M.S.K.JAISWAL
Sai Vuma Chit Fund Co. , & Group of Companies Suffers Welfare Association, reptd by its President-Voori NagalaxmiGirija Kumari – Appellant
Versus
State of Andhra Pradesh, reptd by Principal Secretary, Home Department, Hyderabad – Respondent


Advocates Appeared:
For the Petitioner: Mr. P. Veera Reddy, Mr. Shafath Ahmed Khan
For the Respondent: Mr. T. Lakshmi Narayana, Mr. Jukanti Anil Kumar

ORDER :

C.V. Nagarjuna Reddy, J.

1. M/s Sai Vuma Chit Fund Company and its Group of companies suffered an ad-interim order of attachment of their properties under the provisions of the Andhra Pradesh Protection of Depositors of Financial Institutions Act, 1999 (for short the Act), vide G.O.M s.No.205, Home (General-B) Department, dated 07.8.2010.

2. Before the said ad-interim order of attachment was made absolute, respondent No.3 has filed Writ Petition No.18653 of 2011 questioning the said G.O. During the pendency of the said Writ Petition, final attachment of the properties was made by the learned Metropolitan Sessions Judge, Vijayawada, vide his order, dated 07.5.2012, in Crl.M.P.No.1185 of 2010. Obviously, the said fact was not brought to the notice of this Court when at the instance of respondent No.3 on the one side and respondent No.2 on the other side, the said Writ Petition was referred to Lok Adalat in the year 2015. By award, dated 07.12.2015, in Writ Petition No.18653 of 2011, the Lok Adalat recorded the purported compromise, dated 04.6.2015, between respondent Nos.2 and 3 and closed the said Writ Petition. The terms of the said compromise placed on record by the Lok Adala








































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