the order of this Court, made an outright purchase of a flat ad-measuring about 3,000 Sq.Fts., by way of execution of sale deed dated 24.08.2021 in Kolkata in favour of the respondents herein for a sum of Rs.3.95 crores. On a perusal of the sale deed, it is clear that the respondents have made payment of sale consideration of Rs.3.95 crores to its vendor on 23.08.2021, out of which, a sum of Rs.3,51,05,000/- was paid through Demand Drafts drawn on by the Bank of Baroda. The petitioner brought to the knowledge of this Court, vide additional affidavit dated 30.10.2023, along with additional typed set of documents dated 01.11.2023 in the sub-application in the present contempt petition. The petitioner also pointed out that the respondents herein has encumbrance over the said property by availing loan from the Union Bank of India on 31.01.2022, which shows the fact that the respondents had purchased the said property by making full payment of the sale consideration of Rs.3.95 crores out of its own source. Subsequently, after a period of about five months, the respondents created a charge over the said property. Considering the said facts and that as the respondents are financially sound, the respondents can comply with the order of this Court, but however, they have chosen not to furnish the Bank Guarantee to the tune of Rs.5.14 crores and instead, purchased an immovable property worth about Rs.3.95 crores.
