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2014 Supreme(Del) 1856

S.RAVINDRA BHAT, VIPIN SANGHI
National Investor Forum Regd – Appellant
Versus
Golden Forests India Ltd – Respondent


Advocates Appeared:
For the Petitioner: None.
For the Respondent:Anip Sachthey & Shagun Matta, for GFI Society, Prashant Mehta, Ishan Arora & Himanshu Kapoor, Nikhil Syar, Rajiv Nayyar, Senior Advocate along with Manmeet Arora, Mohit Paul & Rishabh Bansal, Radhey Sham Middha, Sukumar Patjoshi, Sr. Advocate with Prashant Katara, Advocates, for the successful bidder.

Judgment :

S. Ravindra Bhat (Open Court)

C.M. No.8058/2014

1. This application is for confirmation of sale of 244 Kanals and 13 Marlas in Village Dangdehri, Tehsil & District, Ambala, which was advertised by the Committee for Golden Forest on 10.05.2014 in several national newspapers. The last date fixed for receipt of sealed bids was 10.06.2014; the bids were opened on 13.06.2014. The bid of M/s. Dera Sacha Sauda for Rs.18.5 Crores was the highest, which resulted in inter se bidding. Subsequently M/s. Dera Sacha Sauda gave the highest bid of Rs.18.5 Crores and was declared to be purchase of the land. More than 20% of the bid amount was deposited by the said successful bidder on 16.06.2014.

2. When the application was listed for hearing for the first time on 02.07.2014, Mr. Mohit Paul, Advocate representing the interest of the Golden Forests Investors Society stated that one Manvir Singh was willing to purchase the property for Rs.21.5 Crores and subsequently requested for some time. Even though the said Manvir Singh had no locus standi, the Court felt that since larger interests of investors were involved, the matter ought to be adjourned. In these circumstances the following orde




























































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