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2021 Supreme(Telangana) 26

A.RAJASHEKAR REDDY, T.VINOD KUMAR
Rayalapuram Raja Reddy, S/o R. Narsimha Reddy – Appellant
Versus
State Bank of India, Stressed Assets Management Branch II – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Sri M. Vijaya Kumar Goud
For the Respondent: Pearl Law Associates

ORDER :

T. Vinod Kumar, J

This writ petition under Article 226 of the Constitution of India is filed with the following prayer:

    “This Hon’ble Court may be pleased to issue a writ of Mandamus declaring the notice dated 11.03.2019 in forfeiting the amount received from the petitioner by not finalizing the e-auction dated 17.08.2018 having received a sum of Rs.63,00,000/- by not receiving the balance amount of Rs.47,00,000/- out of total bid amount of Rs.1,10,00,000/- and issuing the Sale Certificate for the property being non-agricultural land admeasuring Ac.0.11 gts in Sy.No.124 situated at Athvelly Village, Medchal Mandal, Medchal-Malkajgiri, Ranga Reddy District, as illegal and arbitrary and alternatively direct the respondent to pay the amount deposited by the petitioner with interest on Rs.63,00,000/ (Sixty Three Lakhs Only).”

2. Heard learned counsel for the petitioner and learned counsel appearing for the respondent – bank. Perused the record.

3. The fulcrum of the petitioner’s case is that, the petitioner had taken part in the e-auction conducted by the respondent bank on 17.08.2018, in respect of non-agricultural land admeasuring Ac.0.11 gts in Sy.No.124, situated at Athvelly Vi

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