It would appear that the auction was companyducted on 29 3 1990 on the very day this writ petition came up for companysideration before the Court.
1,66,132.30 p. which along with a sum of Rs.
The Court made an interim order that if any bids were received at the auction, their companyfirmation should be stayed gelding disposal of the writ petition.
Subsequently, the dispute between the Corporation and the petitioner appears to have been settled.
two lakhs and one thousand stated to have been deposited by him on 29 3 1990 as 25 of his bid.
Petitioner has produced a receipt dated 21 9 1990 for the sum of Rs.
5 lakhs earlier paid is stated to satisfy the claims of the Corporation.
It would appear that the entire amount due to the Corporation as claimed has been paid.
In the meanwhile Sri Shyam Sunder Goel who had offered the highest bid at the auction has been impleaded to these proceedings.
In this writ petition, the petitioner M s. Kashi Ram Chemical India has questioned the legality of certain proceedings initiated by the Haryana State Financial Corporation against the petitioner in the matter of recovery of certain debts due to it by putting up certain hypothecated properties for sale by public auction in exercise of its statutory powers.
