2020 (12) TMI 1286 - HC - VAT and Sales Tax

Sale of property by way of auction - buyer who has offered to purchase the property - entire exercise is required to be completed within 90 days - HELD THAT - The matter is filed before the registry long back and if the aforesaid exercise is not completed within time limit it would be again very difficult for the petitioner bank to find the buyer. It is also noted that the petitioner has filed two sets of the petition before the registry. Under the circumstances office is directed to place this matter before Appropriate Division Bench on 11.12.2020.

Summary

The Gujarat High Court directed the matter of property auction to be completed within 90 days to avoid difficulty in finding a buyer. The office was instructed to place the matter before the Appropriate Division Bench on 11.12.2020. (Case Citation: 2020 (12) TMI 1286 - GUJARAT HIGH COURT)