THE HON’BLE JUSTICE MOUSHUMI BHATTACHARYA THE HON’BLE JUSTICE GADI PRAVEEN KUMAR WRIT PETITION NO.20428 OF 2025 Mr. Ambadipudi Satyanarayana, learned Senior Counsel representing Mr. Kandhika Karunakar, learned counsel appearing for the petitioner (Online).

Mr. Srinivas Chitturu, the learned Standing Counsel appearing for the respondent No.1 (Online).

Mr. Ganga Nageshwar Rao Thangapally, Party-in-person.

ORDER: (Per Hon’ble Justice Moushumi Bhattacharya)

1. We have heard learned Senior Counsel appearing for the petitioner/guarantor, the learned Standing Counsel appearing for respondent No.1-Bank and the respondent No.3-Auction purchaser, who appears in person.

2. The Bank/secured creditor as well as the Auction purchaser have argued on the maintainability of the Writ Petition. According to the Bank, the petitioner has an effective statutory remedy under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘the 2002 Act’) in terms of approaching the Debts Recovery Appellate Tribunal (‘DRAT’).

3. The Auction purchaser, in turn, submits that the Auction purchaser was declared as the highest bidder in terms of an Auction as per the paper no