prevailing market value of the land has been fixed at Rs.7,22,05,000/and the depreciated value of the building has been fixed at Rs.21,72,000/-, whereas in Annexure-B4 sale notice, the market value of the land and the building has been fixed at Rs.2,04,00,000/and Rs.16,39,650/- respectively and the total value of the property has been fixed at Rs.2,20,39,650/which is rounded to Rs.2,20,00,000/-. In Annexure-A22 valuation report, the valuer has also furnished the value for equipments installed in the property. The defendants 1 and 2 have contended in the written statement that they do not have any claim against the fixtures of the 3rd defendant and that securitization measures has not been initiated against the same. Annexure-B4 valuation report also does not refer to the petroleum equipments/fixtures. Therefore, the value fixed for the aforesaid fixtures in the valuation report, Annexure-A22 need not be considered and looked into. Further, the 4th defendant has categorically averred in her written statement that the bid made by her was only in respect of the land and the building belonging to the applicant and not the fixtures belonging to the 3rd defendant and that she is also not interested in the assets of the 3rd defendant and that the 3rd defendant may be directed to remove its assets from the aforesaid land.
