1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER’S REPORT NO. 84 OF 2010 IN SUIT NO. 1592 OF 1997 Bank of Baroda. ..Plaintiff. Vs. Goldie Parshottam Sud. . ..Defendant. Mr. S. Kittad i/by S.Ashwini Kumar & Co. for the plaintiff. Mr. V.J.Shah i/by Shivani Kundan for the Defendant . Mr.Prasad Sharma for the Applicant. Mr.Rajesh Maravoor for the bidder. Mr.G.G.Ketkar, 1st Asstt. to Court Receiver. CORAM : R.S. MOHITE, J. DATE : 14th July, 2010 PC : 1 Heard Advocate for the highest bidder as well as the Advocate for the plaintiff and the defendant. It appears from the Minutes of the Meeting held by the Court Receiver on 12.7.2010 that at the stage of the bidding the previous bidder Mr. Dinesh Patel has raised his offer from 34.00 to Rs.35.00 lacs. One person from M/s. Gazebo brought by the defendant was not allowed to bid since the court receiver understood the order to mean that the bidding would be between the highest bidder and the person 2 brought by the defendant. It is recorded in the said meeting that fresh person brought by the defendant was M/s. Gazebo. Advocate or the defendant states that the representative of an associated company by name M/s. Brotherhood Corporation is present before the court. He hands over pay order for an amount of Rs. 8,65,000/- and makes a bid of Rs.36.00 lacs. . The Court Receiver to hold fresh meeting tomorrow at 4.00p.m. in his office. Advocate for the earlier highest bidder states that his client will not able to increase his offer of Rs.35.-00 lacs. In the circumstances, bid may be confirmed in favour of M/s. Brotherhood Corporation subject to officer giving an undertaking to this court , to be filed with the Court Receiver, to the effect that they will pay the balance amount within a period of 4-weeks from today. It is made clear to the parties that time period for paying the balance amount will not be extended in any circumstances and if the balance amount is not paid as directed then amount of Rs.8,65,000 will stand forfeited. Pay order is handed over to the Court Receiver. Any amount which have been paid by the earlier higher bidder should be repaid to the said bidder immediately. Any other amount lying with the Court Receiver also to be returned to the party concerned. (R.S. MOHITE,J.)