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Manish Kumar Sureka Vs. West Bengal Financial Corporation [07/04/16]

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[Civil Appeal No. 3593 of 2016 @ Special Leave Petition (C) No. 3988 of 2016]. The appellant is before this Court, aggrieved by the order dated 02.02.2016, whereby the request made by the appellant for enlargement of time for deposit of the amount ordered by the High Court was rejected. By order dated 23.12.2015, the High Court had passed the following order in respect of the subject matter :- ".....On going through the impugned order, in order to see the Financial Institution gets its substantial repayment for the dues, we are of the opinion the following conditional order would justify the situation : (i) In case the purchaser of the appellant deposits with the Registrar, Original Side of this Court a sum of Rs. 25 Lac as directed by learned Single Judge on or before 28.12.2015, the appeal shall be listed on 05.01.2016, for hearing. (ii) If the purchaser of the appellant fails to deposit with the Registrar, Original Side of this Court as indicated above the respondent/financial corporation is at liberty to confirm the sale in favour of the private respondent who has come forward to purchase the property of the appellant at Rs. 1,88,50,000/- (Rs. one crore eighty eight lac fifty thousand only) and has already deposited 10% of the same way back in September 2015.

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