E auction india

NEW DELHI: Capital markets regulator The properties to go under the hammer include land parcels located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The regulator said the e-auction will be conducted between 11 am and 1 pm on July 17. The total reserve price of these properties is pegged at Rs 26.22 crore. Sebi has engaged Quikr Realty to assist it in the sale of the properties and appointed C1 India as the e-auction provider. The development came after the Calcutta high court passed an order in June 2022, whereby it directed Sebi to proceed with the auction of properties of the Saradha Group of Companies. The entire exercise was directed to be completed within three months. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha, and raised around Rs 4,000 crore from 1.7 million depositors before it collapsed in April 2013. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. "The purchaser shall participate in the e-Auction on his own behalf and no third party intervention, like authorised agent/ representative, would be permitted. "The successful bidder shall bear the charges/ fee payable for the transfer of the property in his/ her name. All taxes shall be borne by the purchaser,"...

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Capital markets regulator Sebi on Monday said it will auction 61 properties of Saradha Group on July 17 at a reserve price of over Rs 26 crore to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include land parcels located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The regulator said the e-auction will be conducted between 11 am and 1 pm on July 17. The total reserve price of these properties is pegged at Rs 26.22 crore. Sebi has engaged Quikr Realty to assist it in the sale of the properties and appointed C1 India as the e-auction provider. The development came after the Calcutta High Court passed an order in June 2022, whereby it directed Sebi to proceed with the auction of properties of the Saradha Group of Companies. The entire exercise was directed to be completed within three months. Saradha Group, a consortium of over 239 private companies, allegedly ran chit-fund operations in West Bengal, Assam and Odisha, and raised around Rs 4,000 crore from 1.7 million depositors before it collapsed in April 2013. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. "The purchaser shall participate in the e-Auction on his own behalf and no third party intervention, like authorised agent/ repres...

The Greater Noida Industrial Development Authority (GNIDA) Tuesday said it has launched a land allotment scheme for 'Data Centres' starting today. The authority would earn revenue of ₹1,000 crore against the allotment of 13 land parcels and expects an investment worth ₹20,000 crore under the scheme. "The allotment of plots will be done through e-auction. If all these 13 plots are allotted, then there will be an investment of about ₹20,000 crore, and it is estimated that 10,000 youth will get direct and indirect employment." Registration can be done till July 4 and the last date for submission of the processing fee is July 6. The last date for submission of documents is July 8, the statement added. The brochure containing all the details of the scheme has been uploaded on the website of Greater Noida Authority and the web portal of State Bank of India, GNIDA said. Ritu Maheshwari, CEO of the Greater Noida Authority said Greater Noida is rapidly emerging as a data centre hub. And "Investors are very impressed with the infrastructure and connectivity here. Investors can invest here on a large scale by getting plots through this scheme," PTI reported quoting Maheshwari.