MADHUBANI, June 19 -- In an extraordinary legal development, a Madhubani court has ordered the auction of the district collectorate's immovable property if Rs.4.17 crore in dues owed to a Kolkata-based company are not paid within 15 days. The directive was issued by the court of principal district judge Anamika T in Arbitration Execution Case No. 3/2016-M/s Radha Krishna Exports Pvt Ltd (RKEPL) versus Pandaul Cooperative Spinning Mill (PCSM) and others. Acting on the court's order, the nazir of the civil court posted a notice near the portico of the collectorate building on Tuesday, setting a 15-day deadline for compliance. The notice states that if the amount is not paid, auction proceedings will begin for the specified property: a two-storey building and approximately 10 kathas of land located in Madhubani town. The property in question, identified under kheshra no. 4899, is bounded by the police station to the north, the civil court to the south and west, and a public road to the east. The notice was issued on June 17, 2025. Advocate Barun Kumar Jha, counsel for RKEPL, said the company's director, Ratan Kumar Kedia, had supplied raw materials and invested funds in PCSM under a partnership agreement with the understanding that the Bihar government would operate the now-defunct mill. Former Patna High Court judge Ghanshyam Prasad, acting as arbitrator in Request Case No. 7/2012, ruled in 2014 in favour of RKEPL. The arbitration award directed PCSM, the Bihar government, and others to pay Rs.28.90 lakh in advance payment, Rs.2.70 lakh in compensation, and Rs.1.80 lakh in additional expenses-totaling Rs.33.44 lakh-along with 18% annual interest in case of non-payment. According to sources, had the payment been made in 2014, the amount would not have ballooned to Rs.4.17 crore. Failure to comply led RKEPL to initiate arbitration execution proceedings in 2016, seeking court permission to recover the dues through auctioning the property. PCSM, once managed by the state government, was shut down in 1997. Under an agreement, RKEPL was to provide capital and raw materials while the government-operated mill would manage production. Despite repeated attempts, Madhubani district magistrate Anand Sharma could not be reached for comment....