IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI
R.RAGHUNANDAN RAO
Kandimalla Sankara Subba Rao, S/o. Veera Raghavaiah – Appellant
Versus
Kommineni Vara Lakshmi, W/o. G. Siddartha – Respondent
Order :
R.RAGHUNANDAN RAO, J.
The respondent herein had entered into an agreement of sale with the petitioner herein, dated 11.05.2021, to sell the property belonging to the respondent to the petitioner at a rate of Rs.13,25,000/- per cent. The respondent is said to have paid an amount of Rs.35,00,000/- to the petitioner on 11.05.2021 itself.
2. Subsequently, the respondent filed O.S.No.33 of 2022 before the Principal Civil Judge (Senior Division), Narasaraopet, contending that the respondent had come to know, that the petitioner had mortgaged the property in the year 2017 itself, to the Punjab National Bank, Guntur Branch and that the bank officials had conducted an E-auction under which the suit schedule property had been sold away to the successful bidder. The respondent, further contending that she would be entitled for a return, of her advance, along with interest at the rate of 24% p.a., amounting to Rs.44,12,334/-
3. During the pendency of the suit, the petitioner is said to have preferred an appeal in S.A.No.230 of 2022 against the E-auction, dated 05.05.2022, which came to be allowed and the E-auction was set aside. It also appears that the encumbrances over the property were
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