1. Though the miscellaneous petitions are listed today, by consent, the writ petition itself is taken up for final disposal.

2. The petitioner is a registered partnership firm. One T.T.K. Textiles Limited purchased the property bearing Door Nos.3 and 4 Cathedral Road, Chennai, measuring three grounds and 1220 sq.ft. comprised in R.S.No.1592/3, Block No.32, Mylapore Division by means of a sale deed dated 07.07.1992 registered as Document No.4339 of 1972 at the Office of the District Registrar, Madras.

.3. The said TTK Textiles Limited became sick and was therefore, referred to the Board for Industrial and Financial Reconstruction (In short "BIFR") under the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 (In short "SICA"). The Operating Agency, namely, the Bank of Baroda proposed a scheme for arrangement and compromise for approval and sanction of BIFR under Section 18 of SICA. In exercise of its powers under Section 18(4) read with Section 19(3) of SICA, the BIFR vide order dated 15.01.2001 sanctioned the scheme for rehabilitation of the said company. Yet another company, by name, "TTK Prestige Limited" was one of the specified lenders to the