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Supreme Court Judgment on the Auction Sale of Mula Sahakari Soot Girni Ltd. Property: A Detailed Analysis Introduction In Civil Appeal No. 8343 of 2024 (arising from SLP(C) No. 16901 of 2024), the Ahmednagar District Central Cooperative Bank Ltd. (Appellant) challenged the High Court of Judicature at Bombay’s dismissal of its writ petition regarding the auction sale of property belonging to Mula Sahakari Soot Girni Ltd. (under liquidation). The appellant contested the auction sale based on two major issues: undervaluation of the property and the participation of fewer than three bidders , claiming these issues led to an unjust outcome.  Background and Facts of the Case Loan Sanctioning and Default The appellant had sanctioned a cash credit loan of ₹95 lakh  to the Mula Sahakari Soot Girni Ltd. (referred to as "the society"). When the society defaulted on loan repayment, the appellant lodged a dispute with the Registrar of Cooperative Societies in 2001  for recovery o...