R. MAHADEVAN, J.

The appellant in all the appeals is M/s. AL Rostamani International Exchange. The Original Side Appeal Nos.281 and 319 of 2009 are arising out of the order dated 17.07.2009 passed by this Court in Company Application Nos.2296 of 2008 and 141 of 2009 respectively, whereas, the Original Side Appeal No.7 of 2010 is filed against the order dated 23.12.2008 passed by this Court in Company Application No.1104 of 2008.

2. The brief facts common to all the appeals are as follows:

2.1 The Company SIV Industries Ltd was directed to be wound up by the Company Court by its order dated 25.08.2004. The Official Liquidator was directed to sell the properties of the company in liquidation, so as to settle the claims against the company. The land admeasuring about 260.89 acres together with building, plant and machinery was drawn for auction sale. Initially, the bid of a third party purchaser - Jalal Nasar was confirmed for Rs.236 Crores and EMD of Rs.10 Crores was deposited. The successful bidder was permitted to deposit the balance EMD of Rs.13.60 Crores on or before 16.11.2007. The applications for extension of time and for permission to inspect the premises were rejected