Property Auctions

This record year might say more about the nature of the auction house business than the art market itself

Capital markets regulator Sebi will auction as many as 10 properties of Bishal Group of companies on November 30 to recover money that was illegally raised by the firms from the public. These four firms are -- Bishal Abasan India Ltd, Bishal Distillers Ltd, Bishal Agri-Bio Industries Ltd, and Bishal Horticulture and Animal Projects Ltd, according to a public notice issued by Sebi last week. The 10 properties put on the block are vacant lands and a residential property located in West Bengal. Total reserve price of these properties is pegged at Rs 14.4 crore, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids for the sale of recovery proceedings against the companies and its promoters/ directors, Sebi said auction of the properties will be conducted through online mode on November 30 during 10.30 am to 12.30 pm. Adroit Technical Services Pvt. Ltd has been engaged by the regulator to assist in the e-auction. The regulator has asked the bidders to make

The regulator will auction a total of four properties of these two firms for a reserve price totalling Rs 4.05 crore. The auction will be conducted online from 1030 hours to 1230 hours.

The buyer of the truck is Arlan Hamilton, founder and managing partner of venture capital firm Backstage Capital

Four of the properties were successfully bid by Delhi-based lawyer Bhupendra Bhardwaj in the virtual auction held today

More than 75 developers from NCR to showcase theire projects starting Wednesday; Mumbai next on cards

But one can do reasonable amount of groundwork, and take help from a seasoned lawyer

Otherwise, you could be saddled with dues left unpaid by previous owner