1. The petitioner is a private limited company. It seeks direction to set aside the first respondent proceedings in file No. G1/MV/1430/2005, dated 19-1-2006 and for consequential direction to the respondents to release the sale deed presented for registration i.e. document No. P-95/2005, dated 1-9-2005 and rectification deed dated 23-11-2005.

2. The relevant facts insofar as are relevant for the purposes of this writ petition are :
a) Pursuant to the directions of this Court in C.A. No. 1285 of 2004 in R.C.C. No. 9 of 2001, dated 13-7-2004 the Official Liquidator conducted auction of the entire assets of the company in liquidation i.e. M/s. Nagarjuna Coated Tubes Limited namely its lands, buildings, plant, machinery and current assets. The auction was conducted on 11-8-2004.
b) The auction sale was confirmed in favour of the petitioner and its nominee M/s. Srushti Proprietors by the order of this Court, dat