A.H. Joshi, J

1. Admit.

The Respondents, in appeal who are not appearing, need not be served afresh. Contesting respondents, are appearing. The Appeals are called out by consent of Advocates for the parties who are contesting / appearing. Heard at length for final disposal.

2. Status of the contesting parties in Letters Patent Appeal No. 197 of 2009 in Writ Petition No. 5993 of 2005 is as follows:-

[i] Present respondent nos. 25 and 26 were the writ petitioners. They are hereinafter referred to as Writ Petitioners.

[ii] Present appellant was respondent no.7. He is hereinafter referred to as Appellant.

[iii] Appellant in Letters Patent Appeal No. 239 of 2009 was respondent no. 24 in Writ Petition No. 5993 of 2005.

3. Parties are referred to in this Judgment according to their status in the writ petition No. 5993 of 2005 for convenience.

Respondent No. 20 in the Writ Petition, namely Vaibhav Liquors Pvt. Ltd. is a Private Limited Company, who came into the picture in the working of respondent no.6 initially as a lessee of distillery, and then as a purchaser.

Respondent No.24 in writ petition Maharashtra State Co-operative Bank Limited is a Federal Bank, which has advanced loan to res