CMA/620/2016 of LAKSHMI AGENCIES, RJY, E.G.DIST & 2 OTHERS Vs ARYAPURAM COOP URBAN BANK LTD RJY

APHC010073932016 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3508] (Special Original Jurisdiction) FRIDAY, THE TWENTY FIRST DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE R RAGHUNANDAN RAO THE HONOURABLE SRI JUSTICE MAHESWARA RAO KUNCHEAM CIVIL MISCELLANEOUS APPEAL NO: 620/2016 Between: Lakshmi Agencies, Rjy, E.g.dist & 2 Others and Others ...APPELLANT(S) AND Aryapuram Coop Urban Bank Ltd Rjy and Others ...RESPONDENT(S) Counsel for the Appellant(S): 1. MALLAVOLU NIKITHA Counsel for the Respondent(S): 1. T V S PRABHAKARA RAO The Court made the following Judgment: (Per Hon‟ble Sri Justice R. Raghunandan Rao) Heard Ms. M. Nikitha, learned counsel appearing for the appellant and Sri T.V.S. Prabhakar Rao, learned Standing Counsel appearing for the 1st respondent-bank. 2. The 1st appellant had obtained financial assistance from the 1st respondent-bank. The 2nd appellant and the 3rd appellant, who is the husband 2 RRR,J & MRK,J C.M.A.No.620/2016 of the 1st appellant, had stood as guarantors for the said loan. As the debt was not being paid, the 1st respondent-bank initiated proceedings against appellants 1 and 2. As the husband of the 2ndappellant, had