((-1-)) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION REVIEW PETITION (LODGING) NO.30 OF 2005 IN WRIT PETITION NO.698 OF 2005 GHCL Limited Petitioner versus Asset Reconstruction Company (India) Limited and others Respondents Mr.Anil Diwan, Senior Advocate with Mr.Bali i/by Thakkar & Bali for petitioner. Mr.Pravin Samdani with Indraneel Deshmukh i/by Amarchand & Mangaldas for respondents 1 and 2. CORAM : H.L.GOKHALE AND S.C.DHARMADHIKARI, JJ. DATE : 4th May 2005 PC : 1. Heard Mr.Diwan, Senior Advocate in support of this petition. Mr.Samdani appears for respondents 1 and 2. 2. This review petition seeks recall of the order passed by this Bench on 15th February 2005 on Writ Petition (Lodging) No.417 of 2005 (Writ Petition No.698 of 2005). The review is sought on two grounds. Firstly that there was an error ((-2-)) in law by this Court in holding that the impugned action on the part of respondents 1 and 2 was under section 172 of the Contract Act and not under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The other point raised was that the respondents had deviated from the selection procedure. We having heard both the counsel, recall this order primarily on the second ground. Writ Petition No.698 of 2005 will stand revived to the file of the Court. (H.L.GOKHALE, J.) (S.C.DHARMADHIKARI, J.)