RISHRA STEEL LTD Vs. ARC HOLDINGS LTD

JUDGEMENT

(1.) THE facts involved in the appeal would appear from the judgment and order of the Division Bench in A.P.O. No. 204 of 2011 dated August 14, 2012.

(2.) THE relevant paragraphs are quoted below:

(3.) WE heard all the five appeals analogously. We affirmed the sale in favour of Gourinandan however, in view of failure on the part of Gourinandan to pay the balance sum, we affirmed the order of forfeiture. We dismissed all the appeals.