Pankaj Srivastava Liquidator of M/s Samrudhi Realty Ltd. vs Dinesh Pulipati S/o P. Bhaskar Naidu

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

Advocates Appeared:
For the Appellant : Milind Dange
For the Respondent: B. Vachan

Table of Content
1. challenge to liquidator's decision (Para 1 , 2 , 3)
2. background of liquidation process (Para 4 , 5 , 6)
3. details of auction and payment requirements (Para 7 , 8 , 9 , 10)
4. writ petitioner's objections and claims (Para 11 , 12 , 13 , 14 , 15 , 16)
5. appellant's arguments on emd forfeiture (Para 19 , 20 , 21)
6. legal analysis of auction process (Para 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29)
7. bidder's obligations under auction terms (Para 30 , 31)
8. liquidator's entitlement for emd forfeiture (Para 32 , 33 , 34)
9. principles of earnest money forfeiture (Para 35 , 36)
10. judicial interpretations on earnest money (Para 37 , 38 , 39)
11. financial implications of writ petitioner's actions (Para 40 , 41)
12. compliance with ibbi regulations (Para 42 , 43 , 44 , 45)
13. authority of liquidator in auction terms (Para 46 , 47 , 48 , 49)
14. confirmation of successful bidder (Para 50 , 51)
15. rejection of writ petitioner's challenge (Para 52 , 53 , 54)
16. conclusion affirming liquidator's actions (Para 55 , 56 , 57)

JUDGMENT :

VIBHU BAKHRU, C.J.

1. The appellant has filed the present appeal impugning an order dated 12.12.2024 passed by the learned Single Judge in W.P.No.5759/202