LAWS(SC)-2018-3-54

ITC LIMITED Vs. BLUE COAST HOTELS LTD. & ORS.

Decided On March 19, 2018
ITC LIMITED Appellant
V/S
Blue Coast Hotels Ltd. And Ors. Respondents

JUDGEMENT

(1.) Leave granted.

(2.) The auction purchaser ITC Ltd. is before us in the appeals arising out of SLP (C) Nos.10215-10217/2016. The sale of a five star luxury hotel property purchased in a public auction was set aside by an order of the Bombay High Court in favour of the debtor Blue Coast Hotels Ltd.

(3.) The circumstances under which the auction purchaser purchased the hotel property are as follows:-