As part of its ongoing exercise to recover Rs7035 crore to pay off over 51.55 lakh investors duped by the Pancard Clubs Limited (PCL), the Securities and Exchange Board of India (SEBI) has announced an e-auction of PCL’s properties located all over India, including Mumbai and Thane.
SEBI, which by now has auctioned nearly 57 properties and sealed 27 properties, has issued a fresh notification on 17 July, for the sale of immovable properties and vehicles. The immovable properties offered for sale, located in and around Mumbai include: a basement, ground floor and first floor at Khatau House, Mahim West (3788,1480, 8108.52 sqft respectively), 14 galas located at Kalyandas Bhawan, Dadar ( 6836 sqft), Hotel United- 21, Thane (3264.21 sqm), flat No 103, Gorai Shri Ashish Cooperative Housing Society, Borivali West (750 sqft), ground plus mezzanine floor, Vardhman Industrial Complex,…
