IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JAIPUR BENCH, JAIPUR O R D E R S.B. Civil Writ Petition No.6619 of 2005. M/s. Maryan Forwarding Corporation, Mumbai VERSUS Syndicate Bank, Branch, Jaipur & Others Date Of Order ::: 21/05/2008. Hon'ble Mr. Narendra Kumar Jain J. Mr. R.P. Garg, Counsel for the Petitioner Mr. V.L. Mathur, Counsel for the respondents By the Court : Heard learned counsel for the parties. A decree was passed against the petitioner by the Debt Recovery Tribunal. Thereafter, the recovery proceedings were initiated by the Recovery Officer on the application filed by the respondent No.1-Bank. During recovery proceedings, the mortgaged property was ordered to be auctioned. Initially, the reserve price for the said property was fixed at Rs.80-lacs, but nobody turned up, therefore, it was reduced to Rs.68.11-lacs. However, due to high reserve price the auction proceedings could not take place and again an application was filed by the Bank to reduce the reserve price of the property, in question. After considering the submissions of the parties, the Recovery Officer passed an order dated 07.07.2005 and he reduced the reserve price of the property to Rs.60-lacs. The said order of the Recovery Officer is under challenge in this writ petition, filed on behalf of the judgment-debtor. Although, the learned counsel for the respondents has raised an objection that the impugned order is appealable under Section 30 of the Recovery of Debts Due to B.F.I. Act, 1993, but after considering the submissions of the learned counsel for the parties, I do not find any merit in the present writ petition, filed on behalf of the judgment-debtor looking to the all facts and circumstances of the present case. The order passed by the Recovery Officer is well reasoned and perfectly justified. The writ petition is accordingly dismissed. No order as to costs. (Narendra Kumar Jain) J. ashok/