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TMI Blog2016 (10) TMI 1095X X X X Extracts X X X X X X X X Extracts X X X X ..... and B.P. Colabawalla, JJ. Ms. Shoma Maitra i/b M/s. Wadia Ghandy and Co., S/Shri Darius Khambata, Sr. Counsel a/w Nikhil Sakhardande, Aditya Mehta, Adip Iyer, Ms. Priyanka Shetty i/b M/s. AZB and Partners, Pradeep S. Jetly a/w Jitendra B. Mishra, Sanjay Suraneni i/b M/s. Bacchubhai Munim and Co., for the appearing parties. ORDER P.C. : These proceedings are placed before us today in order to as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance is placed on a Circular No. 11 of 2012. 4. After all this, we put it to Mr. Khambata, learned Senior Counsel appearing for respondent No. 3 as to whether respondent No. 3 wishes to have a ruling on this affidavit and the contents thereof so also the request made by 3rd respondent or whether it is agreeable to a practicable solution to this issue. 5. The practicable solution sugges ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. For that Mr. Khambata would submit that it would be necessary for respondent No. 1 to disclose to the 3rd respondent the contents of the valuation report and valuation of the subject aircrafts. It is only when the valuation or reserve price fixed on that basis is known earlier and in advance that something fruitful will come out in the sense then bidders and offerers can quote their figure or p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y this order. 8. It is purely to expedite the process so that the aircraft is shifted from the site that we have proposed this arrangement and parties have accepted it on that basis. 9. Now, that there would be a fresh auction and having taken care of all the objections and issues raised, we expect the aircraft to be auctioned and sold as expeditiously as possible and latest by 16th De ..... X X X X Extracts X X X X X X X X Extracts X X X X
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