Since the sum of Rs.54,22,237/ Rupees fifty four lakh twenty two thousand two hundred thirty seven only has been paid by the appellant to the first respondent bank towards full and final settlement of the dues of IDBI, the IDBI has requested the appellant herein to withdraw the cases pending before the A.P.State Consumer Disputes Redressal Commission, Hyderabad and in this Court to enable them to release the securities at the earliest.
When the matter came up for admission before this Court on 19.06.2006, this Court passed the following Order Issue numberice returnable within six weeks.
In the meanwhile, the operation of the impugned order passed by the High Court in WPMP No.
Yours faithfully, Sd V.Rao Dy.
The said companymunication reads thus Date 01 02 2007 To The Deputy General Manager, Industrial Development Bank of India Limited, Main Branch, Hyderabad 500 001 Dear Sir, Sub Full and Final settlement of Term Loan of Rs.1000 lacs.
Likewise, the appellant is also directed to withdraw the case filed by them before the A.P.State Consumer Disputes Redressal Commission, Hyderabad immediately.Arising out of SLP C No.9949 of 2006 Dr.AR.LAKSHMANAN,J. Leave granted.
Bank of India Ltd. This appeal was filed against the order passed by the High Court of Andhra Pradesh dt.27.04.2006 in W.P.No.7951 of 2006 and P.M.P.No.10172 of 2006.
The High Court was approached by the first respondent herein against the direction given by the A.P.State Consumer Disputes Redressal Commission directing release of security to the appellant herein.
