2021 (7) TMI 1488

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....Ankur Saigal, Adv., Mr. Rishabh Shah, Adv., Mr. Rishabh Parikh, Adv., Mr. Abhinav Garg, Adv., Mr. E. C. Agrawala, AOR For Respondent(s) : Mr. Vivek Sibal, Sr. Adv., Mr. Sameer Parekh, Adv., Mr. D.P. Mohanty, Adv., Ms. Vrinda Bhandari, Adv., Ms. Sreeparna Basak, Adv., Mr. Ishan Nagar, Adv., Ms. Rashi Gupta, Adv., Ms. Anwesha Padhi, Adv., Mr. Paritosh Arora, Adv., for M/S. Parekh & Co. Mr. ANS....

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....he respondent-Bank, has been negated. The appellants have questioned the auction process inter alia on the ground that the land, mortgaged to the respondent-Bank was only 550 marlas, but possession of 784.5 marlas is being handed over to the respondent Nos.3 and 4 who have purchased the same in the sale by the Bank. This argument need not detain us in view of the stand taken by the respondent-B....

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.... 2002. Further, the sale certificate was issued in favour of the private respondent even before the entire amount was realized from him. More importantly, the offer of auction purchaser was received after the last date of tender notified in the advertisement. All these contentions are founded on an erroneous assumption that the land is transferred in favour of respondent Nos.3 and 4 in referenc....

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....ountenanced. The fact remains that the appellants despite repeated opportunity given by the Bank had not been able to discharge the obligation and pay the outstanding dues. Even during the course of argument, we had called upon the appellants to make a suitable offer. In response thereto, a proposal has been submitted. That proposal is not acceptable to the respondents. As the outstanding amoun....