25 Lac as directed by learned Single Judge on or before 28.12.2015, the appeal shall be listed on 05.01.2016, for hearing.
The learned companynsel appearing for respondent Nos.
By order dated 23.12.2015, the High Court had passed the following order in respect of the subject matter On going through the impugned order, in order to see the Financial Institution gets its substantial repayment fo the dues, we are of the opinion the following companyditional order would justify the situation In case the purchaser of the appellant deposits with the Registrar, Original Side of this Court a sum of Rs.
1,88,50,000/ Rs.
90 Lacs.
If the purchaser of the appellant fails to deposit with the Registrar, Original Side of this Court as indicated above the respondent financial companyporation is at liberty to companyfirm the sale in favour of the private respondent who has companye forward to purchase the property of the appellant at Rs.
The learned companynsel for respondent Nos.
12,00,000/ and the High Court in any case having given one weeks time to the additional respondent M s IRC Natural Resources Pvt.
Issue numberice.
1.75 crores within the time granted by the High Court.
3 and 4 submits that they are benefited by additional amount of around Rs.
Ltd. number impleaded and since the petitioner is ready with the whole amount of Rs.
3 and 4 supports the arguments advanced by Shri Krishnan Venugopal, learned senior companynsel appearing for the petitioner.
25 lac shall be forfeited and further the sale shall be companyfirmed in favour of the present purchaser in auction at Rs.
KURIAN, J. Leave granted.
The appellant is before this Court, aggrieved by the order dated 02.02.2016, whereby the request made by the appellant for enlargement of time for deposit of the amount ordered by the High Court was rejected.
3 and 4 may also be safeguarded.
2 crore after adjusting the amount already paid, the interest of respondent Nos.
