2002 (1) TMI 4

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....(s)  : B. N. KIRPAL., D. P. MOHAPATRA. and R. P. SETHI. ORDER In the instant case there was compulsory purchase of the property which was sought to be sold. It is not in dispute that after the compulsory purchase the property was put to auction. The applicant-Shivkumar bid for Rs.2,77,00,000 and a sum of Rs.47,01,000 was deposited with the Department. This compulsory purchase has b....

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.... not entitled to retain the sum of Rs.47,01,000 which had been deposited pursuant to the auction sale when the compulsory purchase itself has been set aside. It is the case of the Department now before us that this amount has been forfeited because the balance amount had not been deposited. There is nothing on record to indicate the action of any such forfeiture. Furthermore, it is not for this co....