JUDGMENT :

[Sandeep Mehta, J.]

1. By way of this petition filed under Article 226 of the Constitution of India, the petitioners seek to invoke the writ jurisdiction of this Court craving the following reliefs:

“In the premises, it is therefore, prayed that your Lordship would graciously be pleased to call for the records, issue Rule calling upon the Respondents, more particularly the Respondent No.2 and 3 to show cause as to why a writ in the nature of certiorari shall not be issued for quashing and setting aside impugned E-auction proceeding held on 13.12.2022 and the sale certificate if any thereof issued in favour of the Respondent No.4 in respect of the immovable property shown at Schedule below

-AND/OR-

Why such further writ in the nature of certiorari shall not be issued quashing and setting aside the Revocation of Compromise settlement letter under reference No NEDFI/PFD-SAMC/2022-23/ No 645 dated 27.05.2022 of M/s. Shree Sai Prakash Alloys (P) limited (Petitioner No.2)

-AND/OR-

Why a writ in the nature of mandamus shall not be issued commanding, directing the Respondent No 1, 2 and 3 to restore the operation of the compromise Settlement sanction letter of the term loan accoun