I thank Parsiana for opining on the Supreme Court Batliwalla Agiary judgment in "The lessons to be learned” (Editorial Viewoint, Parsiana, January 21, 2018). I cannot agree with some of the views expressed. As an involved party, I wish to clarify some relevant issues.
The order of the apex court mentions that the procedures to be followed for selling trust property involves advertisement, tender and auction. The deal was cancelled by the Supreme Court for the benefit of the Trust precisely because these procedures were not followed. The Court directed that Rs 2.95 crores be returned without interest to the......