Rakesh Kumar Goel Etc vs U.P.State Industrial Dev.Corpn.Ltd.& ...

The Supreme Court held that the auction sale of land conducted by the UP State Industrial Development Corporation was invalid due to non-compliance with Rule 285-D of the UP Zamindari Abolition and Land Reforms Rules, 1952, which requires the deposit of one-fourth of the bid amount immediately after the auction. The Court found that the appellants did not deposit the requisite amount on the auction day, leading to the conclusion that the sale was a nullity. The Court emphasized the need for transparency in public land auctions and expressed concern over potential collusion in such transactions.