was committed by defendant no. 1 & 2 Smt. M. Saraswathi and Devodass. Ld. Counsel for the appellant submitted that alleged fraud was committed by the said two defendants with IOC during the period between 2006 to 2009, whereby the false sale deeds were fraudulently executed in favour of IOC, without any ownership right. He further pointed out that at the time of fraudulently executing the sale deed, the said two defendants were not having any ownership right, and thus, the question of executing the sale deed does not arise. He contended that there is an apparent negligence on the part of IOC for not obtaining the search report of the properties from the office of the Sub-Registrar, before entering into the sale transactions. He pointed out that, in fact, the present appellant company is the actual and the real owner of the said two properties, which were purchased by it vide different six sale deeds executed on 28.08.1998, which are at page no. 1 to 72 in part 3 volume 2 of the appeal paper book, in the name of its erstwhile M/s Aban Power Company Ltd. One sale deed dated 11.09.1998 at page 78 to 91. Prayer is accordingly made to release the properties of the appellant company.
