This writ petition has been filed challenging the proceedings of the third respondent dated 02.04.2007 seeking to quash the same as illegal, invalid and without jurisdiction and against the principles of natural justice.

2. It is the case of the petitioner that a company by name M/s.Telematics Systems Limited was ordered to be wound up by this Court in C.P.No.239 of 1997 vide order dated 18.07.2001. Pursuant to the same, the Official Liquidator took possession of the entire movable and immovable assets of the company. The petitioner company has offered Rs.13,55,00,000/-. The petitioner was accepted as a highest bidder and this Court by order dated 011. 2006 in Application No.834 of 2006 permitted the Official Liquidator to sell the entire property. Pursuant to the same, the petitioner company also remitted the entire sale consideration of Rs.13.55 crores in two instalments. Thereafter, the petitioner presented the document for registration.

3. The further case of the petitioner is that the value fixed by this Court in Court auction has to be taken into consideration and the respondent has to register the document and act on it. On the contrary, the third respondent,