JUDGMENT

Altamas Kabir, J. —

1. Before the Special Leave Petition which had been specially fixed for hearing on 9th November, 2010, could be taken up for consideration, Mr. T.R. Andhyarujina, learned Senior Advocate, appearing for the Petitioner, M/s Bharat Steel Tubes Ltd., submitted that Contempt Petition (Civil) No.271 of 2010 had been filed in regard to wilful and deliberate violation of the order passed by this Court on 8th October, 2010, by the alleged contemnors in entertaining bids for the auction proposed to be held in respect of the Petitioner’s property despite the said order.

2. Mr. Andhyarujina submitted that in relation to an order passed by the Debts Recovery Tribunal, Delhi, on an application filed by the Petitioner under Section 17 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, hereinafter referred to as “the Debts Recovery Act, 1993”, a direction was given by the Tribunal on 15th September, 2010, to the Petitioner to deposit a sum of Rs.35 crores with the Industrial Finance Corporation of India Ltd. (IFCI Ltd.) without prejudice to its rights and contentions. The Respondent was also directed not to implement the possession notice as we