DIPANKAR DATTA, J.
THE CHALLENGE
1. Ahmednagar District Central Cooperative Bank Limited1 is in appeal,
challenging the judgment and order dated 23rd November, 20172 of the
High Court of Judicature at Bombay, Bench at Aurangabad3 dismissing
appellant, hereafter
impugned judgment, hereafter
High Court, hereafter
its writ petition4. Under challenge in the writ petition was an auction
sale pertaining to the immovable property of Mula Sahakari Soot Girni
Ltd., Rahuri5. The challenge was primarily based on twin grounds: (i)
that valuation of the property of the society (under liquidation) and the
upset price were fixed on the lower side; and (ii) that three bidders
had not participated in the auction sale. The High Court did not find
substance in any of these two grounds. Incidentally, the High Court
recorded that no mala fide could be attributed in respect of the
questioned auction sale and that the auction purchaser was not a
private individual but a body established under the statute, i.e., the
Agricultural Produce Market Committee, Rahuri6.
THE FACTS
