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2008 (8) TMI 562 - SUPREME COURT
Auction sale - Held that:- Appeal allowed. No fraud in the auction sale. It may be mentioned that auctions are of two types - (1) where the auction is not subject to subsequent confirmation and (2) where the auction is subject to subsequent confirmation by some authority after the auction is held.
In the present case, the auction having been confirmed on 30-7-2003 by the Court it cannot be set aside unless some fraud or collusion has been proved. As satisfied that no fraud or collusion has been established by any one in this case.