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ANIL KUMAR, SAURABH LAVANIA
IFCI Ltd. Thru Its Authorized Signatory – Appellant
Versus
Lucknow Municipal Corporation Thru Municipal Commissioner – Respondent
| Table of Content |
|---|
| 1. dispute over auction proceedings and lease. (Para 2 , 3 , 4 , 5 , 6) |
| 2. nature and terms of lease agreement. (Para 7 , 8 , 9 , 10 , 11) |
| 3. role of ifci ltd. in mortgage and auction. (Para 12 , 13) |
| 4. arguments against the auction legitimacy. (Para 14 , 15 , 16 , 17) |
| 5. failure to pay lease wipes rights to renew. (Para 18 , 19 , 20 , 21 , 22 , 23) |
| 6. court findings on claims and remedies. (Para 24 , 25 , 26 , 27) |
| 7. clarification on duty of secured creditor. (Para 28 , 29 , 30 , 31 , 32 , 33 , 34) |
| 8. implications of 'as is' clauses in auctions. (Para 35 , 36 , 37 , 38 , 39) |
| 9. rights of parties and auction transparency requirements. (Para 40 , 41 , 42) |
| 10. discernment of property rights and auction implications. (Para 43 , 44 , 45 , 46 , 47) |
| 11. court's conclusion regarding leases and renewals. (Para 48 , 49 , 50 , 51) |
| 12. final disposition of claims and court's orders. (Para 52 , 53 , 54 , 55) |
| 13. entitlement for refund and interest management. (Para 56 , 57 , 58) |
| 14. final ruling on petitions and remedies. (Para 59) |
JUDGMENT :
Saurabh Lavania, J.
1. Heard Sri Kuldeep Pati T
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