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2014 (2) TMI 215 - DELHI HIGH COURTValidity of auction sale - Ownership of property - company in liquidation - applicant submitted that land belong to him and not the company and therefore auction sale is illegal - Held that:- lands belonged to the company in liquidation but were registered in the benami name. The entire transaction was found to be in cash and there were no banking transactions. All these facts taken cumulatively should have persuaded the SFIO to hold that the company in liquidation was the real owner of the lands and the claim made by Achyut Kumar Sharma was hollow. Applicant did not challenge the action of the provisional liquidator, who took possession of the lands and also put it to auction, for a period of six years. Moreover, the present application was filed on 16.08.2011 when the applicant came to know that the sale deed was about to be executed in favour of the auction purchaser pursuant to the orders of this Court passed on 10.05.2011; this actually reinforces the contention that the applicant is merely indulging in delaying tactics - Application dismissed with costs.
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