( 1 ) THE Official Liquidator has filed this report seeking certain directions which inter alia, include confirmation or otherwise of the offer of M/s. Mahakali Scrap Traders of Rs. 4. 31 Crores being the highest bidder for building structure except T. K. Office, Account Office, Credit Society Office, Office Records, Compound Wall, Trees and land on the terms and conditions of sale.

( 2 ) THE Official Liquidator has submitted in his report that he has informed to the members and offerers present before the announcement of the auction that the auction was for building / structure only except T. K. Office, Account office, Credit Society Office, Office Records, Compound wall, Trees and not for land as was inadvertently stated in the top portion of the advertisement. The Sale Committee started auction proceedings. The highest offer received as per Tender was Rs. 2. 97 Crores from M/s. Mahakali Scrap traders. Thereafter, the inter-se bidding was taken place amongst the bidders and at the close of the auction, three highest offers were found by the Official Liquidator which are as under :- M/s. Mahakali Scrap Traders Rs. 4,31,00,000/- M/s. V. L. Intex Rs. 4,26,00,000/- M/s.