ORDER:— 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. It would appear that the auction was conducted on 29-3-1990 on the very day this writ-petition came up for consideration before the Court. The Court made an interim-order that if any bids were received at the auction, their confirmation should be stayed pending disposal of the writ petition.

2. Subsequently, the dispute between the Corporation and the petitioner appears to have been settled. It would appear that the entire amount due to the Corporation as claimed has been paid. Petitioner has produced a receipt dated 21-9-1990 for the sum of Rs. 1,66,132.30 p. which along with a sum of Rs. 5 lakhs earlier paid is stated to satisfy the claims of the Corporation.

3. In the meanwhile Sri Shyam Sunder Goel who had offered the highest bid at the auction has been impleaded to these proceedings. The auction-purchaser asserts tha