Manish Kumar Sureka vs West Bengal Financial Corporation And ...

The Supreme Court held that the High Court's order requiring the appellant to deposit Rs. 1.75 crores within a specified time was valid and enforceable. The Court emphasized that the appellant's request for an extension of time due to family bereavement was not sufficient to warrant a deviation from the High Court's directive. Consequently, the Supreme Court upheld the High Court's decision to forfeit the previously deposited Rs. 25 lakhs and confirmed the sale in favor of the private respondent, as the appellant failed to comply with the deposit requirement within the stipulated timeframe.