New Delhi, Feb. 26 -- The Punjab and Haryana High Court has barred Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) from conducting the auction of an industrial plot at IMT Bawal in the state's Rewari city.

The matter pertains to an exporter, Richaco Exports Pvt. Ltd. (petitioner), who filed a Writ Petition stating that on August 1, 2024, HSIIDC advertised for the auction of an industrial plot in Sector-8, IMT Bawal, Rewari, Haryana, Area 13300 square meters, at a reserve price of Rs 16,300 per square meter.

On August 16, 2024, Richaco Exports deposited Rs 1,08,64,500 as 5 per cent Earnest Money Deposit (EMD) (including processing fee) with HSIIDC.

Thereafter, on November 5, 2024, HSIIDC held the E-A...