ORDER :

Shree Chandrashekhar, J.

M/s Chandwa Ceramic Works along with its proprietor and guarantor approached the writ Court challenging the order dated 14th November 2017 passed by the Recovery Officer, Debts Recovery Tribunal, Ranchi in RP Case No. 338 of 2016.

2. Mr. Indrajit Sinha, the learned counsel, assisted by Mrs. Sunita Ojha, the learned counsel, appears for the Bank of India.

3. Mr. Shashank Shekhar Prasad, the learned counsel appears for the respondent No.3 who is the successful bidder and purchaser of 2.30 acres of land, corresponding to Khewat No.3, Tauji No.1, Thana No.285, Khata No.140, Jamabandi, Holding No.15, Plot No.993, Thana: Chandwa, District: Latehar, Jharkhand, which was the secured property mortgaged with the Bank.

4. By an order dated 12th March 2018, the writ Court declined to entertain challenge laid by the writ petitioners, who are appellants before us, to the reserve price for the mortgaged properties and held the writ petition not maintainable in view of the judgment in “Authorized Officer, State Bank Of Travancore and another vs. Mathew K.C.” reported in (2018) 3 SCC 85.

5. The writ Court vide order dated 12th March 2018 passed in WP(C) No. 806 of 2018 di