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2010 (3) TMI 683 - HIGH COURT OF MADRASDirection to issue tender and hold auction afresh for the sale of properties covered under the order dated November 18, 2009, after assessing the value of the entire properties including plant, machinery and other movable and immovable properties based on the current market value and to allow the petitioners to participate and to be present throughout the sale process. Held that:- There is no fraud or collusion in the auction sale. The sale has been confirmed and the sale certificate has also been issued. The dues to the members of the petitioners’ union have been safeguarded by the remittances made by the second respondent and undertaking given as per section 13(9) of the SARFAESI Act. We see no merit in the writ petition.
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