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2010 Supreme(Raj) 1543

AJAY RASTOGI
OL of Kesari Vanaspati Products Ltd. (in provisional liquidation) – Appellant
Versus
IDBI – Respondent


Advocates:
For the Applicant:Praveen Balwada, Advocate.

JUDGMENT

1. - Instant Misc. Application-123/2007 has been filed by M/s. Blooming Engineers (P) Ltd. (respondent-3 in Co. Appl.79/2005) claiming interest over the amount of Rs. 2,30,65,000/-(Rupees Two Crores, Thirty lacs & Sixty five thousand) deposited being highest bidder in auction proceedings initiated by Recovery Officer, Debts Recovery Tribunal, Jaipur, which have finally been set aside by this Court vide order dated 23/01/2007 in Co.Appl.-79/2005 and notice published in Rajasthan Patrika on November 13, 2005 for auction scheduled on November 22, 2005 and sale certificate dated 07/06/2006 were quashed; and the IDBI was directed to refund a sum of Rs. 2,30,65,000/- to M/s Blooming Engineers (P) Ltd (applicant herein) - pursuant to which the amount (supra) was refunded vide pay order dated 12/02/2007 duly received on 16/02/2007.

2. Prayer made in this misc. application is basically for clarification sought for in judgment dated 23/01/2007 rendered by this Court to the effect that the applicant is entitled for interest having accrued on having deposited the amount (supra) with the financial institution (IDBI) from the date of its deposit till actual refund whereof.

3. Facts releva






























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