1 wp-4832-08gr.sxw dgm IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 4832 OF 2008 Vasudev Karia .... Petitioner vs Debts Recovery Appellate Tribunal and ors. .... Respondents ALONG WITH WRIT PETITION NO.4833 OF 2008 Ragmet Engineering and anr. .... Petitioner vs. Debts Recovery Appellate Tribunal and ors. ... Respondents Ms. Payal Parikh i/by Akshar Laws for the petitioners. Ms. Radha N. Sawant i/by M/s.Global Law Officers for respondent no.4. CORAM: DR.D.Y.CHANDRACHUD & ANOOP V. MOHTA, JJ. DATE : December 01, 2010 P.C.: These petitions have been placed on Board in view of a letter dated 4 November 2010 of the Recovery Officer, seeking an extension of time to complete the sale process until March 2011. The Recovery Officer has stated that due to the pendency of multiple litigation, the sale process could not be completed within the stipulated time and since the valuation was more than one year old, the sale process has begun afresh. No bids were received at the auction held on 8 and 19 October 2010 and hence the property will be placed for auction in January 2011. 2 wp-4832-08gr.sxw 2 On the letter dated 4 November 2010 of the Recovery Officer, a case for extension has been made out and, therefore, time is extended as prayed till March 2011. 3 The counsel appearing for the Petitioners states that the Petitioners are not interested in bidding for the property and have moved an application before the Recovery Officer for refunding the amount deposited. The Recovery Officer is at liberty to deal with the application in accordance with law. (ANOOP V. MOHTA, J.) ( DR.D. Y. CHANDRACHUD,J.)