[Civil Appeal No. 7899 of 2012 arising out of SLP (C) No. 35573 of 2010]. This appeal is directed against the final judgment and order dated04.11.2010 passed by the High Court of Orissa at Cuttack in Writ Appeal No.237 of 2010 whereby the Division Bench while affirming the order dated05.08.2010 passed by the learned single Judge dismissed the appeal filed by the appellants herein. Brief Facts: In the year 2007, pursuant to the order of the Company Judge, High Court of Orissa, in Companies Act Case No. 25 of 2005, the Official Liquidator, made an advertisement for sale of movable and immovable assets and properties of the Factory Unit of M/s. Konark Paper & Industries Limited which was in liquidation on "as is where is and whatever there is" basis. The sale was confirmed in favour of respondent No.1 - M/s. Raghunath Paper Mills Pvt. Ltd., being the highest bidder, and the possession of the Unit was handed over on 28.03.2008.
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