(1.) Heard Sri B.Mayur Reddy, learned Senior Counsel appearing on behalf of Sri Potta Tarun Patel, learned counsel for the petitioners on record, learned Government Pleader for Industries and Commerce appearing on behalf of respondent No.1 and Sri L.Prabhakar Reddy, learned Standing Counsel for TSIIC appearing on behalf of respondent No.2.
(2.) The petitioners approached the court seeking prayer as under:
(3.) The case of the petitioners as per the averments made by the petitioners in the affidavit filed by the petitioners in support of the present writ petition in brief, is as under: