Mount Overseas Private Limited filed a petition under Sections 424 and 434 of the Companies Act, 2013, seeking directions for Respondent No. 1 (Bee Electronics Machines Limited) to transfer the right, title, and interest in subject properties after executing the Conveyance Deed and for Respondent No. 2 (Canara Bank) to execute sale deeds in favor of the Petitioner. The case originates from Respondent No. 1 being declared a sick industrial company and Respondent No. 2 being appointed as the Operating Agency (OA) by the BIFR. The Petitioner participated in a public auction conducted by Respondent No. 2 and submitted the highest bid, which was accepted by the BIFR. However, disputes arose regarding the execution of sale deeds and the refund of the bid amount after the

Mount Overseas Private Limited filed a petition under Sections 424 and 434 of the Companies Act, 2013, seeking directions for Respondent No. 1 (Bee Electronics Machines Limited) to transfer the right, title, and interest in subject properties after executing the Conveyance Deed and for Respondent No. 2 (Canara Bank) to execute sale deeds in favor of the Petitioner. The case originates from Respondent No. 1 being declared a sick industrial company and Respondent No. 2 being appointed as the Operating Agency (OA) by the BIFR. The Petitioner participated in a public auction conducted by Respondent No. 2 and submitted the highest bid, which was accepted by the BIFR. However, disputes arose regarding the execution of sale deeds and the refund of the bid amount after the