HIGH COURT OF ANDHRA PRADESH
DHIRAJ SINGH THAKUR, CJ, R. RAGHUNANDAN RAO, J
VELUPURI RAJINI – Appellant
Versus
THE AUTHORIZED OFFICER – Respondent
(Per Hon‟ble Sri Justice R. Raghunandan Rao)
Heard Sri K.A. Narasimham, learned counsel appearing for the petitioners and Ms. G. Sudha Madhuri, learned Standing Counsel appearing for the 1st respondent.
2. The 1st respondent-bank had advanced certain financial assistance to the 2nd respondent herein. The 1stpetitioner, as security for repayment of the said financial assistance, had acted as guarantor and mortgaged her land admeasuring Ac.0.73 cents in D.No.116/B-1 of Putthur Village, Guntur District. On account of non-payment of dues, the loan advanced to the 2nd respondent had become a non-performing asset. Subsequently, the 1st respondent had initiated proceedings under the SARFAESI Act, 2002 for sale of the land of the 1stpetitioner.
3. Aggrieved by the proceedings of the 1st respondent, initiated to conduct an auction on 05.08.2024, under the provisions of SARFAESI Act, 2002, the petitioner has approached this Court by way of the present writ petition.
4. Sri K.A. Narasimham, learned counsel appearing for the petitioners contends that the land in question is agricultural land, which is exempted from the provisions of the SARFAESI Act, 2002. He draws the attention of this Court to S
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