ORDER :

1. The instant writ petition is filed by the petitioner seeking following relief:

“......to issue an appropriate writ, order or direction, more particularly, on in the nature of writ of mandamus declaring the action of the respondents in not refunding the security deposit amount of Rs. 3,28,41,795/- as illegal, arbitrary, un-constitutional, violate of principles of natural justice and to direct the respondents to refund the security deposit amount, which was deposited before this Court along with interest to the petitioner.”

2. The brief facts as narrated in the writ petition are that petitioner is a partnership firm and it had purchased land admeasuring Acs. 21.538 guntas in Sy. Nos. 863 to 870 (part), plot Nos. 49 to 54 and part of 48 and 55, situated in Industrial Development Area, Phase-IV, Patancheru, Medak District, Telangana, in an auction conducted by the 4th respondent. Earlier, the said land was purchased by the 3rd respondent from Andhra Pradesh Industrial Infrastructure Corporation Limited, vide registered sale deed bearing document No. 417/2002, dated 19.01.2002.

3. The 3rd respondent obtained certain loan facilities from Andhra Bank and the same is secured by way