MR ANCKUR V MITTAL vs BANK OF BARODA GENERAL MANAGER (PRINCIPAL NODAL OFFICER) & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 7th January, 2025 W.P.(C) 28/2025 & CM APPL. 68/2025 MR ANCKUR V MITTAL .....Petitioner Through: Mr. Vikram Singh Panwar with Mr. Abhimanyu Singh and Mr. Neeraj Maurya, Advocates. versus BANK OF BARODA GENERAL MANAGER (PRINCIPAL NODAL OFFICER) & ANR. .....Respondent Through: Mr. Santosh Kumar Rout, SC with Ms. D. Veragi, Mr. B N Mishra, Advocates. CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) 1. Respondent Bank had initiated auction/sale proceedings under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 2. The property in question was a residential property situated at Khasra No. 652, Khata No. 147, VII Kheda Pargana & Tehsil Dadri, Dist. Gautam Budh Nagar, Uttar Pradesh. 3. The petitioner participated in the above said e-auction and was found to be the highest bidder. 4. As per the terms of the bid document, the petitioner deposited 25% of the bid amount on 28.06.2023. Such amount was of Rs. 44,25,000/- 5. Petitioner was also required to deposit the balance amount in a time-bound manner. 6. Fact remains that he could not do so and sent reques