Jai Enterprises vs Ambika Enterprises & Ors

The Supreme Court upheld the High Court's order dated 4.2.2010, which set aside the Charity Commissioner's permission for the sale of property by the Trust to Jai Enterprises at Rs.1,26,09,000 under Section 36 of the Bombay Public Trust Act. The Court affirmed the direction for re-advertisement of the property sale, allowing for better offers, which led to an auction where Jai Enterprises made the highest bid of Rs.20.50 crores. The Court found the challenge to the High Court's order infructuous due to the subsequent auction results and directed the refund of the earlier deposit made by the competing bidder.