Peruka Srikanth v. Punjab National bank Housing finance Limited
Court: High Court for State of Telangana
Bench: K.LAKSHMAN,B.R.MADHUSUDHAN RAO
Judgment date:
Case summary
High Court for State of Telangana judgment dated 2026-04-30. Peruka Srikanth v. Punjab National bank Housing finance Limited. Read the judgment and case...
Judgment text
[ 34e2 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE THIRTIETH DAY OF APRIL TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE K. LAKSHMAN AND THE HONOURABLE JUSTICE B. R. MADHUSUDHAN RAO WRIT PETITION NO: 15045 OF 2026 Between: Peruka Srikanth, Sio P. Pentaiah aged about 45 years Occ: business R/o flat No 102, H. no. 24-4415, S. Sai Madhu homes, shivapuri colony, vimala Devi Nagar Back side of Laxmi vilas bank, Malkajigiri Hyderabad. ... PETITIONER AND Punjab National bank Housing finance Limited, rep by its authorised signagtory Plot no. 6 & 7 3rd floor, Mamathanagar colony Beside canara bank, Nagole, Hyderabad. ...
RESPONDENT Petition under Anide 226 of the Constitution of lndia pralng that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue writ order or direction more particularly one in the nature of writ of mandamus declaring the action of the respondent in conducting the E auction on 30. 4. 2026 regarding the residential house plot bearing No. 9 in survey No. 534 extent 182 sq. yards with a plinth area of 3200 sft (ground floor + 1st floor) situated at Nehru nagar, Kapra under GHMC, Kapra circle and mandal, Medchal Malkajigiri district while pending dispute before the chairman Mandal Legal service committee at City civil court Secunderabad and also the respondent issued notice u/s 25 of the payment & settlement systems Act 2OOl vide Ref No. PNBH/US/25I2709155 dated 27. 9. 2025 as arbitrary and illegal and in violation of the princples of natural justice consequently direct the respondent not to conduct any E auction on 30. 4.
2026 regarding the petitioner property till the disposal of the pending dispute with the Chairman Mandal Legal service committee City civil court at S€cunderabad. l. A. NO: 1OF 2026 Petition under Section 151 CPC praying that in the circumstances stated in the affidavit flled in support of the petition, the High Court may be pleased to direct the respondents not to conduct E auction on 30. 4. 2026 regarding the residential house plot bearing No. I in survey No. 534 extent 182 sq. yards with a plinth area of 3200 sft (ground floor +1st floor) situated at Nehru nagar, Kapra under GHMC, Kapra circle and mandal, Medchal Malkajigiri district while pending dispute before the chairman Mandal Legal service committee at City civil court secunderabad pending disposal of the above writ petition. Counsel for the Petitioner: SRI GUDI MADHUSUDFIAN REDDY Counsel for the Respondent: - - - . The Court made the following: ORDER HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAI) HON'BLE SRI JUSTICE K.
LAKSHMAN AND IION'BLE JUSTICE B. R. MAD HUSUD TIANRAO WRIT PETITTON No. 15045 OF 2026 Da tez 3O. 04. 2026 Between: Peruka Srikanth. .. ... Petitioner AND Punjab National Bank Housing Finance Limited' . . ... Respondent ORDER: (Per Hon'ble Sri Justice K. Lakshman) This writ petition is filed seeking following relief: " ---to issue wril order or direction more particularly one in the nature of wrir of mandamus declaring the action of the respondinl in conducting the E-auction on 30'4'2026 regarding thi residential house plot bearing No. 9 in surttey No'534 exlent + lst 182 sq. yards with a plinth area of 3200 sfl (ground floor iituared at Nehru nagar' Kapra under GHMC Kapra. circle Jloor'and mandal, Medchat Malkajigiri district while pending dispute City before lhe chairman Mandal Legal service commiltee lt issued notice ciiit court Secunderabad and also the respondenl 2007 vide Ref u/s 25 of the payment and settlement systems Acl, 27. 9. 2025 as arbiffary and No.
pNailus/iy2719155 dated of naturdl jLstice illegal and in violation of the principles coiequently direct lhe respondent nol to conducl any E auction on lO. l. ZOiO regarding the petilioner property till the disposal of the pending dispute with the Chairman Mandal Legal service " io* itt"" City civil court at Secunderabad and to pass "' t \ f'l l 2. Heard Mr. Gudi Madhusudhan Reddy, learned counsel for the petitioner. 3. During the course of hearing, it is brought to the notice of this Court that though the auction was scheduled today, i. e. , 30. 04. 2026, at 11. 00 AM, ir was postponed to 3. 00 pM. pM, Even ar 3. 00 no bidders participated in the auction. Therefore, it was further postponed. 4. Leamed counsel for the petitioner, on instructions, would submit that the petitioner is ready and willing to pay an amount of Rs. 1,56,42,000/- to the respondent-Bank as mentioned in the auction notice. He seeks four weeks' time to the petitioner to pay the said amount.
According to him, the petitioner has already paid Rs. 80,00,000/- to the respondent-Bank and in proof of the same, the petitioner has fited bank statement of the respondent-Bank. 5. In the light of the said submission, this writ petition is disposed of granting liberty to the petitioner to approach the respondenfBank, informing his readiness and willingness to pay an amount of Rs. 1,56,42,000/-, within a period of one (01) week from roday. On receipt of the same, the respondent-Bank shall consider and take a w decision. On receipt of communication from the respondent-Bank over and above the accepting the said proposal or any other amount same within a period of two (02) same, the petitioner shall pay the \ the is not witling to accept \ weeks thereafter. If the respondent-Bank said proposal, it shall inform the same to the petitioner herein within l0 days thereafter. 6. Penrsal of the bank statement filed by the petitioner would reveal that some of the cheques were dishonored.
However, it is lor the respondent-Bank to consider the said fact as well as the payment the petitioner' The of Rs. 80,00,000/- said to have already made by respondent-Bank is at liberty to claim any amount other than the amount mentioned in auction notice. Till then, the respondent-Bank is the auction of directed not to proceed further, including conducting petitioner it is made clear that if the the subject property. However, fails to comply with the aforesaid directions' it is for the respondent-Bank to proceed further in accordance with law' 1 With the aforesaid observations, this Writ Petition is disposed of. No order as to costs. 'ft Consequently, miscellaneous petitions, if any, pending in this appeal shall stand closed Sd/-B. REKHA RANI ASSISTANT REGISTRAR //TRUE COPY// I / <=-l-/ SECTION OFFICER To, 1. The authorised signagtory, Punjab National bank Housing finance Limited, Plot no. 6 & 7 3rd floor, Mamathanagar colony Beside canara bank, Nagole, Hyderabad 2.
One CC to SRI GUDI MADHUSUDHAN REDDY, Advocate [OPUCI 3. Two CD Copies BN/PMK CC TODAY HIGH COURT DATED: 3010412026 5. Sq- $' s ORDER ii:: i! i-e li, WP. No. 15O45 ot 2026 DISPOSING OF THE WRIT PETITION WITHOUT COSTS S i I I
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