M/S Bee Gee Corporation Pvt. Ltd vs Punjab Financial Corporation

The Supreme Court upheld the auction sale of the appellant's property conducted on 16.12.1983, confirming the decisions of the Executing Court and the High Court. The Court found that the first respondent-corporation, as both the auction purchaser and decree holder, was permitted to participate in the auction under Order 21 Rule 72 CPC, and thus the requirements of Order 21 Rule 85 CPC regarding deposit were satisfied. The Court rejected the appellant's objections regarding non-compliance with procedural mandates, affirming the validity of the auction sale.