In the result, the appeal filed by assessee is allowed
50C as this aspect had\nnot been inquired into - It was noted that assessee had run into rough weather, whereby its\nnet worth was eroded - Accordingly, assessee went under SARFAESI proceedings - Record\nrevealed that it was not assessee who effectuated sale of subject land and land was actually\nsold by secured lenders to recover dues owed to them by assessee