2001 (1) TMI 1010

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....y the appellant who was an auction-purchaser would be valid indefinitely or not. 3. A suit was filed by Respondent 2 for recovery of money against Respondent 3 and a Receiver was appointed. After the decree was passed and even during the pendency of the appeal, under orders of the court the Receiver invited offers for the sale of the property of the judgment-debtor. The appellant made an offer fo....

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....ation or acceptance of sale in favour of the appellant. 5. The appellant then applied for permission to withdraw from the bid. The High Court by the impugned order dated 6-3-2000 declined to grant this permission and it came to the conclusion that the appellant's offer was liable to be accepted notwithstanding the delay in the acceptance and the appellant could not be permitted to resile from....