BLOG DETAILS

SEBI E-Auction 2026: Supreme Court Panel Announces E-Auction of Sai Prasad Group Properties

Mar 28 2026

Supreme Court Panel Announces E-Auction of Sai Prasad Group Properties

New Delhi: A High-Powered Sale Committee constituted under the directions of the Supreme Court of India has issued a public notice for the e-auction of immovable properties belonging to the Sai Prasad Group of Companies.

The committee was formed following an order dated July 15, 2024, in the case of Balasaheb Keshawrao Bhapkar & Ors. Vs Securities and Exchange Board of India. The move aims to liquidate assets of the group in compliance with subsequent directions issued on February 19, 2025.

47 Properties Up for Auction Across Multiple Locations

The committee will conduct e-auction of 46 properties in Maharastra & 1 property in Jharkhand, including:

  • 1 property in Mumbai
  • 2 properties in Nashik
  • 35 properties in Osmanabad
  • 6 properties in Pune
  • 2 properties in Thane
  • 1 property in Ranchi

Detailed property documents and the Request for Proposal (RFP) are available on the official auction platforms.

Check Property Details & Sale Notice Documents - https://www.hpsc-saiprasad.com/

Key Dates for E-Auction Process

  • RFP Publication Date: March 25, 2026
  • Bid Submission Deadline: April 15, 2026 (till 4:00 PM)
  • E-Auction Start Date: April 30, 2026 (11:00 AM onwards)

Interested bidders must refer to the RFP for eligibility criteria, bidding process, and participation guidelines.

Important Conditions for Buyers

The committee has laid down several key conditions:

  • All properties will be sold on an “as is, where is, whatever there is” basis.

  • Buyers will bear responsibility for liabilities, claims, and encumbrances, if any.
  • Property details are based on available records; authorities are not liable for discrepancies.
  • Bidders are advised to conduct independent due diligence, especially regarding title verification.
  • The committee will not be responsible for any issues related to property titles or documentation.

Assistance for Bidders

For queries or assistance, interested participants can contact the designated officials from StockHolding DMS via email or phone as mentioned in the notice.
SEBI High powered sale committee -47 properties Eauction in Maharastra & Jharkhand

Final Word

This large-scale auction presents a significant opportunity for investors and homebuyers to acquire properties across prime and emerging locations. However, given the legal and financial complexities, experts advise careful evaluation before participating in the bidding process.


SEBI Puts 10 Used Office Cars up for Auction in Mumbai; Inspection Open till January 19th 2026

CHECK DETAILS


The Securities and Exchange Board of India (SEBI) has announced a public E-Auction of properties belonging to Bishal Group, Kalyani Developers, and Prayas Projects India Ltd., as part of recovery proceedings against defaulting entities.

This auction presents a unique investment opportunity for interested buyers to acquire properties across key districts of West Bengal. The sale is being conducted under SEBI’s recovery powers, offering properties on an “As is where is” basis.

List of Properties on Auction

SEBI has put up a range of properties, including vacant lands, residential plots, and land with buildings. Below is the detailed list:

Check Details Here: SEBI Sale Notice

Lot Location Property Type Area Reserve Price
B1 Coochbehar District Vacant Land (Mouza- Bhetaguri) 0.60 acre ₹1.26 Crore
B2 Chandannagar, Hooghly Land with Building (RS Plot Nos. 1224-1226) 0.34 acre ₹6.81 Crore
B3 Chandannagar, Hooghly Residential House Property 4500 sq.ft. ₹1.02 Crore
B4 Howrah District Vacant Land (Mouza- Pansila) 1.06 acre ₹3.06 Crore
B5 Medinipur District Land (Mouza- Fuleswar) 2.06 acre ₹3.60 Crore
B6 Bankura District Land (Mouza- Kanjia) 2.46 acre ₹98.40 Lakhs
B7 Bishnupur, Bankura Land (Mouza- Dhobasol) 0.83 acre ₹33.60 Lakhs
B8 Nadia District Land (Mouza- Hanskhali) 1.86 acre ₹1.44 Crore
B9 Jhargram District Land (Mouza- Bandhgora) 0.92 acre ₹36.00 Lakhs
B10 Purulia District Land (Mouza- Beldi) 2.21 acre ₹1.32 Crore

Auction Schedule & Key Dates

  • E-Auction Date: August 20, 2025 (11:00 AM to 1:00 PM)

  • Inspection Window: Open till July 26, 2025

  • Earnest Money Deposit (EMD) Submission Deadline: August 18, 2025

  • Bidding Platform: www.adroitvaluations.com

Payment Terms & Bidding Process

  • EMD: 10% of the Reserve Price, to be paid via NEFT/RTGS to ICICI Bank (Account: SEBIRRDAUC0725).

  • Successful Bidder Must Pay:

    • 25% of the final bid amount (including EMD) within 48 hours of confirmation.

    • Remaining 75% + 1% Poundage Fee within 15 days after auction closure.

  • Bid Increment: As per property, starting from ₹25,000.

  • Auto-Extension: If a bid is placed within the last 5 minutes, bidding extends by another 5 minutes.

Auction Conditions & Legal Terms

  • Properties are sold "As is where is" — with all existing and future encumbrances.

  • SEBI reserves the right to cancel or postpone the auction without notice.

  • Buyers bear all legal charges, taxes, dues, and statutory liabilities post-purchase.

  • Sale Certificate will be issued only after complete payment.

Contact Information

Where to Find More Information

Why This Auction Matters?

This SEBI-led e-auction is a significant move in the ongoing recovery actions against financial defaulters. It not only empowers investors with verified property opportunities but also ensures legal transparency through an online bidding process.

Whether you’re an investor, business owner, or real estate buyer — this is a rare chance to acquire properties through an official regulatory auction platform.

Disclaimer: Buyers are advised to verify all details independently before participating. This information is summarized from SEBI’s official e-auction notice.