TMI Blog2019 (1) TMI 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... is clients - HELD THAT:- Papers show that there have been 8 rounds of auction on various dates starting from 18/10/2017 till 18/9/2018. Respondent No.2 submits that in first round of auction the price disclosed by respondent No.3 company was itself accepted and accordingly 90% of it was worked out as reserve price. He also has explained how that price is required to be scaled down thereafter. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . For the Petitioners : Mr. Raghavan Sarath, Senior advocate a/w. Mr. Nikhil Waje, Mr. Tejas Luniya, Mr. Akhil Sarath i/b Thodur Law Associates. For the Respondent No. 1 : Mr.S. Rustamjee, Senior counsel a/w Ms. Vidhi i/b. For the Respondent No. 17 : Mr. Venkatesh Dhond, Senior counsel a/w Mr. Ravi Hegde, Mr. Paras Parekh, Mr. Ashish Venugopal. For the Respondent No. 19 : Mr. V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... structions states that out of total 68 properties about 15 have already been auctioned and remaining 53 are in process. He states that if the petitioners keep the valuation data and reports secret, respondent Nos.1 and 2 can make available a copy thereof to learned counsel for the petitioners. 5. Learned counsel appearing for Respondent No.17 and 19 and for respondent Nos.20 and 24 submit that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... how that there have been 8 rounds of auction on various dates starting from 18/10/2017 till 18/9/2018. Respondent No.2 submits that in first round of auction the price disclosed by respondent No.3 company was itself accepted and accordingly 90% of it was worked out as reserve price. He also has explained how that price is required to be scaled down thereafter. We need not at this stage delve more ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , same shall be subject to further orders of this Court in the matter. 12. The purchasers entering possession shall not create third party interest until further orders in the matter. 13. In relation to remaining 53 properties though respondent Nos.1 and 2 may take necessary preparatory steps, actual auction shall not be conducted until further orders. 14. List the matter for further cons ..... X X X X Extracts X X X X X X X X Extracts X X X X
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