THE HON’BLE SRI JUSTICE K.SARATH WRIT PETITION No.5353 of 2023

ORDER

Heard learned counsel for the petitioner and learned Assistant Government Pleader for Stamps and Registration and learned counsel for the respondent No.8 and perused the material on record.

2. Learned counsel for the petitioner submits that the petitioner challenging the action of the respondent No.2 in not registering the sale certificate dated 14.12.2022 issued by the petitioner-bank under the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for brevity, ‘SARFAESI Act’) basing on the pretext of the Warrant of Attachment Orders dated 20.10.2021 passed by the Principal Senior Civil Judge, Mancherial, in I.A.No.150 of 2021 in O.S.No.19 of 2021 and another Notice-cum-Conditional Attachment Order dated 04.08.2022 passed by the Chit Arbitrator/Deputy Registrar of Karimnagar in I.A.No.8 of 2022 in Arb.No.100 of 2022, which is illegal and arbitrary and contrary to the SARFAESI Act.

3. Learned counsel for the petitioner further submits that the respondent No.4 approached the petitioner-bank for the purpose of finance facility in the form of overdraft facili