Tag: #AssetAuction

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.

August 22, 2024

The Supreme Court has given the green light to auction Samrudhhi Realty’s assets, aiming to recover a debt of approximately Rs 5,000 crore. The decision, handed down on Tuesday, authorizes the liquidator to proceed with the auction process. However, a bench led by Justice Abhay S Oka clarified that if any of the assets belonging […]

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.more
sealed

Pune municipal council seizes 40 items for unpaid property taxes.

November 6, 2023

PUNE: Since the measures’ inception four days ago, the PMC has been actively working to seal the properties of property tax defaulters, taking action against forty assets. Ajit Deshmukh, head of the property tax department, stated, “The defaulters received notices from the civic administration.” We started the sealing procedure when they refused to pay after […]

Pune municipal council seizes 40 items for unpaid property taxes.more