detrimental to the Corporation and placing the Corporation money in jeopardy and committing gross misconduct in violation of the RFC regulations. The enquiry officer was appointed to conduct the enquiry who instituted the enquiry on 14.02.1995, after completion of the enquiry, the inquiry officer submitted enquiry report on 6.8.1996. Copy of the enquiry report was sent to the petitioner on 4.10.1996 and was asked to submit his representation against the said inquiry report. The petitioner submitted representation on 6.11.1996 and the disciplinary authority vide order dated 25.02.1997 after discussing all the charges levlled against the petitioner reached to the conclusion that the petitioner had been guilty of other types of irregularity also. The disciplinary authority also reached to the conclusion that petitioner was having a checkered history of having been chargesheeted 5 times with punishment awarded to him in 3 of them. It also reached to the conclusion that all the charges which were found proved by the enquiry officer were correctly so proved after discussing the submissions made by the petitioner. He also found that the gravity of charge No.1 (e) of having entered into an agreement to sell a unit for only Rs. 7,00,000/- whereas original promoters had deposited Rs.5.09 lacks to Ms.. J.G. Engineering & Metal Industries, Bhiwadi against an auction bid of Rs. 15,00,000/- without assigning any reasons was most serious. It is noted by the disciplinary authority that the delinquent petitioner had entered into an agreement with the said Company to sell the assets to the said Company three days before the auction. The petitioner has tried to justify by stating that he did it with the
