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(Judgment of the Court, delivered by P.SATHASIVAM, J.) Aggrieved by the orders of the District Revenue Officer (Stamps), Office of the District Collector, Chennai, dated 11.04.2005, and that of the Chief Revenue Control Officer-cum-Inspector General of Registration, Chennai-28, dated 08.02.2006; V.N.Devadoss, Chennai-30, has filed the above Civil Miscellaneous Appeal under Section 47-A of the Indian Stamp Act.

2. Case of the appellant, in brief, is stated here-under, According to the appellant, an extent of 60.86 acres of land comprised in S. Nos.330, 338, 473, 552 etc. situate at Ambattur Taluk, Tiruvallur District, was previously owned by Dunlop India Limited, a Public Limited Company. The said Company became a sick industry and was declared so under the Provisions of Sick Industrial Companies (Special Provisions) Act, 1985. Consequent to such declaration, for the purpose of rehabilitation, surplus properties and assets belonging to the said company were sought to be disposed of by the statutory authorities under the said Act such as Board for Industrial and Financial Reconstruction (BIFR) and Appellate Authority for Industrial and Financial Reconstruction (AIFR) by forming an Asset Sales Committee (ASC) consisting of members such as representatives of IDBI, Debenture Holders, Government of West Bengal and Special Director of BIFR. In compliance with the guidelines issued by the statutory authorities (BIFR & AIFR), the ASC made publications in Newspapers about its proposal to sell the above mentioned 60.86 acres of lands and invited tenders in sealed covers from interested persons. The appellant submitted his tender along with others and his offer of Rs.24,34,40,000/-, at the rate of Rs.40 lakh per acre, was the highest, accordingly, his tender was accepted by the ASC as well as by the statutory authorities. The company was granted permission to execute the sale deed in favour of the appellant.