Excelsior Correspondent
JAMMU, Sept 13: In the much publicized Public Interest Litigation (PIL) regarding cheating of people to the tune of Rs 50 crore by Dutta Finance Pvt Ltd and others, Division Bench of State High Court comprising Justice Hasnain Massodi and Justice Tashi Rabstan today directed Receiver to auction the property in accordance with rules.
After hearing Senior Advocate SS Lehar with Advocate Meharban Singh for the petitioners whereas Senior Advocate KS Johal with Advocate Arash K Johal, Senior Advocate PN Raina with Advocate JA Hamal for the respondents, DB appointed Harbans Lal, former District and Sessions Judge as Receiver of the property belonging to the finance company and directed him for auction of property in accordance with rules.
The Division Bench directed Receiver to take over the properties, prepare an inventory and take steps for their auction in accordance with rules after giving due publicity to the proposed auction so that properties fetch true market value.
“An offer received shall be accepted only after approval of Division Bench and Receiver shall be free to seek assistance of authorities concerned including police to take over the properties of finance company”, the order said.
However, with regard to the properties mentioned in two applications, the order shall be passed after the parties are heard in the matter, the DB said.
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