The impugned judgment dated th January passed by the Division Bench of the High Court of Telangana at Hyderabad allows Writ Petition No of preferred by M s Alphine Pharmaceuticals ... Private Limited and Bejjenki Bhaskara Chary collectively referred to as the Borrower and thereby sets aside and quashes the proceedings initiated by M s Andhra Bank the Bank for short for sale of the mortgaged asset namely plot No B- Phase-I IDA Jeedimetla Quthbullapur Mandal Medchal Malkajgiri District Hyderabad Telangana hereinafter referred to as the Subject Property as being in violation of the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act and the Security Interest Enforcement Rules hereinafter referred to as the SARFAESI Act and the Rules respectively

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