(1.) By consent of both the parties, the writ petition itself is taken up for final disposal.
(2.) The prayer in the writ petition is to issue a Writ of Certiorarified Mandamus calling for the entire records pertaining to the impugned order dated 15.5.2010; to quash the same and to direct the respondent to extend the time for depositing the balance sale consideration of Rs.50 lakhs by a period of eight weeks.
(3.) Heard Mr.V.T.Gopalan, learned Senior Counsel appearing for the petitioner and Mr.V.Raghavachari, learned counsel appearing for the respondent-bank.