decided by the Competent Authority that GSDMA may go for
reverse auction to get the reduction and more competitive
prices. It is submitted that reverse ... That a reduction in price
was observed after opting the reverse auction process on the
GeM portal. It is submitted that as reverse auction process
learned counsel appearing on
behalf of the auction purchaser that as such the auction purchaser
purchased the property in the execution proceedings after ... Arumugham (1990) 1 SCC
513, subsequent reversal of the decree shall not affect the auction
purchaser who is not a party to the decree
respondent. The High
Court allowed the appeal by the first respondent and reversed the judgment of the
Signature Not Verified
Digitally signed by
Chetan Kumar ... Original Suit No. 602 of 2008.
1
Trial Court, holding that the auction conducted by Moradabad Development
Authority (“MDA”) in respect of the land
pipeline at Hazira, it could not reverse back
which employed that because once put into system the system and
ended up in the hands ... directly to the customers'
premises and, therefore, such contract, auctioning movement of natural
gas from Hazira to interState, was nothing but sale
payment of loan amount
and the Tractor and Trailer was seized and auctioned and when balance
amount was sought to be recovered at that stage ... bank at all as not only Tractor and Trailer was
sold in auction and the amount was realized and even thereafter the
bank itself settled
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