Sebi to auction properties of 5 crore next month
The move is part of an effort by Sebi to recover money that the companies had illegally mobilized from people.
The auction of these properties, spread across Maharashtra and Uttar Pradesh, and include land parcels, flats and shops will be conducted on September 12, Sebi said in a notice today.
The interested candidates can inspect the properties on August 28, Sebi said adding that bidders should make their own independent inquiries regarding the encumbrances, title of properties put on auction and claims, among others, prior to submitting their bids.
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