ORDER:

This Writ Petition is filed seeking to declare the action of the Respondents in issuing the notice in Cr.No.366/5/MDPRPS/CYB/2021, dated 11.08.2021 as illegal and also issue consequential direction to the Respondents not to take any coercive steps against the petitioner and their assets.

2. Heard Sri Mr. S. Ravi, learned Senior Counsel representing Ms. N. Niyatha, learned counsel for the Petitioner and Mr. S. Rama Mohan, learned Assistant Government Pleader for Home and Mr. D. Narender Naik, learned counsel for the 5th Respondent and perused the record.

3. FACTS OF THE CASE

i) The Petitioner and 5th Respondent are Educational Institutions run by responsible societies.

ii) An agreement of sale, dated 28.12.2018 was executed by the Petitioner in favour of Respondent No.5 on 28.12.2018 to sell the immovable property admeasuring 3833.28 Square Yards situated at Kukatpally Housing Board (KPHB) Colony, Phase VI, Kukatpally, Medchal-Malkajgiri District, Telangana for a total sale consideration of Rs. 36,00,00,000/- (Rupees Thirty-Six Crore Only).

iii) Subsequently, a Business Transfer Agreement (hereinafter referred to as “BTA”) was entered into between the Petitioner and 5th Respondent