JUDGMENT

Rakesh Kumar Jain, J —This application is filed by the M/s. Asset Reconstruction Company (India) Ltd. (for short ARCIL) for seeking permission to conduct and confirm the sale of 24 Ares 28 Sq. Mtrs = 0.60 Acres approximately of land situated in Block No. 1746 situated at Village Kandri, Taluka Karjan, District Vadodra, Gujarat owned by M/s. JCT Electronics Limited (Company in Liquidation) which is in possession of the Official Liquidator, at the already confirmed reserved price of Rs. 56.91 Lacs per acre, to the same Auction Purchasers M/s Mahansaria Industrial Ventures Private Limited and M/s Astra Industries and Trading Private Limited to whom 183.32 acres of land has already been sold in consolidated manner (35.88 acres of uncharged land on behalf of official liquidator alongwith 147.44 acres of land already in the possession of the applicant-ARCIL situated at Block No. 1669 at Kandari, Taluka Karjan, District Vadodra, Gujarat in the same terms of the order dated 27.02.2017 passed by this Court in CA No. 597 of 2016 and in terms of order dated 02.12.2017 passed in CA No. 296 of 2017 in CP No. 2017 of 2015.

2. The brief background of this case is that the company in liqui