1. The petitioner has come forward with the present Writ Petition for issuance of a Writ of Certiorarified Mandamus calling for the records of the respondent in connection with the impugned order passed in proceedings NIL dated 06.10.2015 and to quash the same and further direct the respondent to refund the amount paid by the petitioner viz., Rs.1,21,37,500/- (Rupees One crore twenty one lakh and thirty seven thousand and five hundred only) with interest.

2. The case of the petitioner is that the respondent issued a notification on 05.06.2015 and invited applications for tender - cum - e - auction sale, in respect of the property in respect of the property of land and building measuring an extent of 3274 sq.ft. at Door No.65, New No.132 Sengalaneer Pilliar Kovil Street, New Street, Mannadi, Muthialpet, Chennai, Fort - Tondiarpet Taluk, Chennai District, in O.S.No.1826, R.S.No.3060 and C.C.No.447, which was taken possession by the Bank under S.13(4) of SARFAESI Act, 2002 , to recover a sum of Rs.3,99,33,842.86 with further interest and other charges thereon; and in the e - auction notice, the reserve price for the property was fixed at Rs.3,25,00,000/-. The further case of the petit