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Issues: Whether, in the stated facts, the Court should extend the time for payment of the balance auction price under Rule 9(4) of the Security Interest (Enforcement) Rules, 2002 or grant protection against the charge asserted by the VAT Department in view of Section 26E of the SARFAESI Act.
Outcome: The matter was adjourned for further hearing, and the State was directed to take instructions in the meantime.