(Order of the Court was made by S.Manikumar,J) This writ petition has been filed praying to direct the first respondent Bank, to forbear from taking any further action in pursuance of the order/judgment, dated 18/3/2016, in O.A.No.666 of 1997, passed by the Hon'ble Presiding officer, Debts Recovery Tribunal, Bangalore, pending disposal of the Appeal filed by the petitioners, in A.I.R.No.194 of 2016, before the Hon'ble Debts Recovery Appellate Tribunal, Chennai.
2. On the averments made and considering the material on record, a Hon'ble Division Bench of this Court, vide order, dated 11/5/2016, granted interim stay of the impugned proceedings.
3. On this day, when the matter came up for hearing, Mr.B.R.Shankaralingam, learned counsel on record, submitted that the instant writ petition was filed, when there was no Chairperson for the Debts Recovery Appellate Tribunal. He further submitted that after the filing of the instant writ petition, a Hon'ble Presiding Officer has been appointed and that the writ petitioners would pursue their remedy in the appeal already filed before the appellate forum against the order impugned. On the above, he seeks for permission to withdraw the writ petition and he has also made an endorsement to that effect.
4. Placing on record the above, instant writ petition is dismissed as withdrawn. No costs. Interim order, dated 11/5/2016, granted in W.M.P.No.15563 of 2016 in W.P.No.17871 of 2016, stands vacated and the same is closed.