In Brief
The Supreme Court addressed an appeal against the High Court's rejection of the appellant's request for additional time to deposit auction sale money. The appellant, who had bid Rs. 2.22 crores for a property, missed the original deadline by two days due to a family bereavement but presented demand drafts when the case was called. The Court found the High Court's refusal to grant time to the appellant unjustified, particularly since the High Court had granted one week's time to another bidder. The Court accepted the appellant's bid over the rival bidder's offer of Rs. 2.20 crores, subject to deposit of the balance amount within a specified deadline, with forfeiture of the initial deposit if payment was not made."
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