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Showing contexts for: R.F.Nariman in M/S. Kailash Nath Associates vs Delhi Development Authority & Anr on 9 January, 2015Matching Fragments
R.F. Nariman, J.
Leave granted.
2. The present appeal arises out of a public auction conducted by the Delhi Development Authority ("DDA") wherein the appellant made the highest bid for Plot No.2-A, Bhikaji Cama Place, District Centre, New Delhi for 3.12 Crores (Rupees Three Crores Twelve Lakhs). As per the terms and conditions of the auction, the appellant, being the highest bidder, deposited a sum of Rs.78,00,000/- (Rupees Seventy Eight Lakhs), being 25% of the bid amount, with the DDA, this being earnest money under the terms of the conditions of auction. The relevant provisions in the conditions of auction read as follows:
47. In the result, the appeal is allowed. The judgment and order of the Single Judge is restored. Parties will bear their own costs.
..........................J. (Ranjan Gogoi) ..........................J. (R.F. Nariman) New Delhi;
January 09, 2015.