Hence, the present appeal by the auction purchaser.
The auction purchaser claimed that he was intimated regarding companyfirmation of sale by the Authorised Officer of the secured Signature Not Verified creditor by letter dated 27th February 2013.
As soon as he was Digitally signed by ASHOK RAJ SINGH Date 2018.04.04 intimated of the companyfirmation, he further deposited the 75 of the 135535 IST Reason auction amount on 13th March 2013 within 15 days of companyfirmation of sale.
The Division Bench passed the order on 25 th April 2013 that as the property has already been auctioned, directed the respondent to file an appeal under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 hereinafter referred to as the Act of 2002 .
The owner and principal borrower whose property was sold in auction questioned the same by way of filing a writ petition.
He further deposited 25 of the auction amount of Rs.5.80/ lakhs on 15th February 2013 and remaining amount of Rs.8,69,500/ on 13 th March 2013.
He offered a bid of Rs.38.30 lakhs and deposited a sum of Rs.3,90,500/ as earnest money on 1 st February 2013.
The auction purchaser has companye up in this appeal against the judgment and order passed by the Division Bench of the High Court affirming the judgment passed by the Single Bench.
The brief facts in the present case are that the auction of the property was held on 14th February 2013.
The Writ Petition Civil No.20653 of 2013 was filed by the respondent.
Thereafter, an appeal was filed that was registered as S.A. No.1133 of 2013.
Leave granted.
The appellant was the highest bidder.
The Debts Recovery Tribunal, Allahabad vide order dated 19th December 2013, has set aside the sale, the order was companyfirmed by the Debts Recovery Appellate Tribunal as well as by the Single Judge and the Division Bench of the High Court.
