2019 (5) TMI 794

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.... No.43368 of 2018, came up for orders as to admission, this Court passed the following order: "Smt. V. Dyumani, learned Standing Counsel, takes notice for the Bank. By a conditional order, dated 29.10.2018, the Debts Recovery Tribunal permitted the auction to go on 30.10.2018, but the confirmation was stayed subject to a condition that a sum of Rs. 4.00 crores was deposited by the petitioner within a week and another sum of Rs. 8.00 crores was deposited with n a further period of eight (8) weeks. After making a deposit of a total amount of Rs. 1,90,80,000/-, the petitioner has come up with the above writ petition just for the purpose of extension of time to comply with the conditional order. According to the learn....

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....rtificate is issued in respect of one property. Post on 18.12.2018." 4. The auction purchasers were later impleaded and thereafter the matter came up on 30.01.2019. At that time it was brought to the notice of this Court that in respect of one of the properties, a sale certificate had already been issued. It was also represented on the said date that one of the auction-purchasers had filed an application. Therefore, this Court passed an order on 30.01.2019 which reads as follows: "In respect of the property bearing House Plot No.17 in Survey No.150, admeasuring 632.86 square yards, situate in Rock Garden, Yapral village, Alwal, Malkajgiri Mandal, Ranga Reddy District, respondent No.3 became the highest bidder and she ha....

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....ave heard Mr. L. Ravichander, learned senior counsel, appearing for the petitioner in W.P. No.4994 of 2019, Mrs. V. Dyumani, learned counsel appearing for the bank and Mr. Venkata Nagaraju, learned counsel appearing for the auction purchaser. 8. Since W.P. No.43368 of 2018 cannot be pursued any further, in view of the proceedings pending before the NCLT, the same is closed. 9. Insofar as W.P. No.4994 of 2019 is concerned, there were actually four properties that were involved in the sale that took place on 30.10.2018. Out of the four properties brought to sale on 30.10.2018, the sale in respect of one has already been confirmed and a sale certificate issued by the bank after receiving the entire sale consideration. Therefore, the offe....