2018 (3) TMI 1789

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....n the previous occasion one counsel Mr. Dinesh Bishnoi appeared on behalf of the respondents stating that no orders should be passed on the report of auction as there was a person available with him ready to offer better price. Surprisingly, today the lawyer has given his NOC and withdrawn his power. Mr. Amol Vyas, Advocate appears but he has not placed any document to show that any such per....

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....tion and accordingly action was taken by the Official Liquidator. Reserved price fixed was Rs. 1 crore 38 lakh for land and buildings and EMD of Rs. 34,53,000/-. Three sale bids were received upto the last date and letters were issued to the bidders on 15.02.2018 to attend the tender opening proceedings on that day following proceedings were recorded:- "6. That pursuant to the aforesaid l....

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..... It is seen from the letter that the interested party has not made offer in the prescribed Tender notice/sale notice prescribed by the Official Liquidator and has also not submitted the tender befor the last date of receipt of tender i.e. 31.01.2018. Therefore, he was not allowed to participate in the bidding process and advised him to approach the Court for appropriate order, if he is still inte....