IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
THE HONOURABLE JUSTICE MOUSHUMI BHATTACHARYA,THE HONOURABLE JUSTICE B.R.MADHUSUDHAN RAO
Smt. Pothula Lakshmi – Appellant
Versus
The Canara Bank – Respondent
AND WRIT PETITION NO.13260 OF 2025 Ms. Rama Sita Boddani, learned counsel for the petitioner (Online)
representing Mr.Ramana Allu, learned counsel appearing for the petitioner.
ORDER: (Per Hon’ble Justice Moushumi Bhattacharya
1. The Writ Petition is clearly not maintainable.
2. The petitioner has challenged a docket order passed by The Debts Recovery Tribunal-I at Hyderabad dated 09.04.2025. By the impugned order, the Debts Recovery Tribunal (DRT) rejected the request for interference with the proceedings initiated by the respondent-Bank of the petition schedule property under the provisions of The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (the SARFAESI Act). The respondent-Bank was however directed to go ahead with the Auction but not to confirm the sale in favour of the highest bidder in the Auction Sale which was to be held pursuant to the Auction Sale Notice dated 05.03.2025. The Auction was fixed on 14.04.2025. The interim protection given to the petitioner was subject to the petitioner depositing Rs.20,00,000/- in two installments; the first installment of (Rs.10,00,000/-) was to be deposited on or before 23.04.2025 and
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.