2013 (4) TMI 1024

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....ur, Advocates. For the Respondent : None ORDER CM No.5197/2013 Allowed subject to just exceptions. WP(C) No.2752/2013 and CM No.5196/2013 (Stay) The grievance of the appellant is that they participated in the auction which was held on 23.04.2009 when R-2 and R-3 were declared the highest bidders because the petitioner did not fully understand the mode and manner of auction, there....

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....derstood and had an impression that the auction was for the land alone. This plea is belied by the fact that the petitioner did bid separately for the land and the tower and the consolidated amount is less than the bid of R-2 and R-3. Auction bids cannot be set aside at the behest of a losing party on such excuses when neither the Bank nor the borrowing company are aggrieved by the auction process....