Property Details

Bank Details
  • Reserve Price :  ₹2,25,27,210.00
  • EMD :  ₹22,52,000.00
  • Branch Name :  Andheri (E), Mumbai
  • Service Provider :  Public Auction
Contact Details :

Contact no: +91 8693053567

Description

Sale of 100% stake in Far Eastern Mining Construction Company Joint Venture (FEMC Pratibha JV • Arbitration Claims of approx. INR 1006.27 Crores shall be shared amongst secured creditors and successful bidder in the ratio of 60:40 after adjustment of expenses and costs. • Litigation corpus of INR 1,00,00,000 shall be contributed by the successful bidder in order to meet the costs for carrying forward the arbitration proceedings. Excludes the VAT Refund in the matter Commissioner of Trade and Taxes vs. FEMC Pratibha Joint Venture (Civil Appeal No. 3940 of 2024)

Property Details
  • Borrower Name :  PRATIBHA INDUSTRIES LIMITED (IN LIQUIDATION)
  • Asset Category :  Commercial
  • Auction Type :  Liquidation Auction
  • Property Type :  Commercial Property
  • Auction Start Date :  20-12-2024 11:30 PM
  • Auction End Time :  21-12-2024 12:30 AM
  • Application Subbmision Date :  19-12-2024 05:30 AM