PRAVIN GADA vs CENTRAL BANK OF INDIA .

The Supreme Court directed the auction of a property to be conducted by the Central Bank of India, establishing that a public advertisement must be issued in two newspapers, with a reserve price of 3 crores. The Court emphasized that only those who deposit the required amount would be allowed to participate in the auction, thereby preventing speculative bids. The petitioners, who previously purchased the property in 2006, were permitted to bid without a deposit, but the final bid would be subject to the outcome of the ongoing Special Leave Petitions.