In his petition,Advocate S.Tamilarasan contended that the property of 5.06 acres in Kumbakonam, which was owned by late philanthropist Raman Chettiyar, was vested with the Aranmanai Raman Chettiar Annadana Trust.
He contended that the present value of the land was Rs.100 crore. A Sub-Court in Kumbakonam had permitted sale of the land through public auction when the trust filed a plea in 2002 seeking to sell immovable properties.
The petitioner contended that in spite of the Supreme Court's direction that all properties of Public trust should be sold or auctioned by fixing the reserve price, the property was sold by fixing an earnest deposit of Rs.15,000 only.
A case was filed against the sale but the Madurai bench of the High Court confirmed the sale and directed the buyer to pay interest for the five-year period instead of ordering forfeiture of the amount paid, he contended.