Drat Madras Court November 2005 Judgments

Ramsons Garment Finishing Vs. Small Industries Development

Court: DRAT Madras

Reported in: II(2006)BC148

1. This appeal has arisen this way. It appears that during the pendency of the OA, an advocate commissioner was appointed to bring the properties listed in the OA, in auction, and accordingly the advocate commissioner fixed the date of auction on June 29, 2005. The appellant was one of the participants in the auction. The appellant and several others have sent their offer in a sealed cover and all the covers were opened on June 29, 2005, i.e., on the date of auction. It is stated that the appellant had quoted Rs. 34 lakhs as the offer amount. M/s.Progressive Associates, who is impleaded as the fourth respondent in this appeal, also took part in the auction and submitted their offer in a sealed cover for Rs. 20 lakhs. Other offers in the sealed covers were less than these offers. The Advocate Commissioner having opened the covers, found that Rs. 34 lakhs offered by the appellant was the highest one and fixed the said price as the base price and put the property in open auction. That in...