DRT-I, Chandigarh. Further, in the last paragraph of the POS, it was mentioned that the last date for receiving bids along with earnest money and uploading documents, including proof of payment, was 10.12.2021 up to 04:00 PM. It is stated that as per the contents of the order dated 04.10.2021 and POS dated 27.10.2021, the Bank published the terms and conditions pursuant to the auction dated 13.12.2021. Accordingly, the order of the Recovery Officer setting aside the auction is illegal. It is further stated that earlier, the sale notice for the auction dated 16.04.2021 had been issued. It is stated that no illegality was committed by Mandeep Dhawan in depositing the money. Regarding the issue of authorization and conduct of the auction, it is submitted that the Bank had received an e-mail from the successful bidder authorizing Ramesh Kumar to participate in the auction proceedings. Both Mandeep Dhawan and Ramesh Kumar had appeared before the Recovery Officer. The affidavit dated 26.12.2024 substantiates this fact. The auction proceedings were duly completed by Ramesh Kumar. It is submitted that the property valuation was reduced by the Recovery Officer from Rs.1,47,66,880/- to Rs.1,10,75,160/-, and the reasons for the same were recorded in the order dated 04.10.2021. Accordingly, the Recovery Officer committed grave error in setting aside the auction. Accordingly, it is stated that the impugned order be set aside and the auction dated 13.12.2021 be declared valid and lawful and, consequently, Sale Certificate be issued in favour of Mandeep Dhawan.
