SEBI to auction seven properties
As part of the recovery proceedings, the watchdog on January 10 will e-auction immovable properties of Pancard Clubs and its CMD, the late SudhirMoravekar, the Securities and Exchange Board of India (Sebi) said in a notice on Friday.
The regulator has engaged SBI Capital Markets to assist it for sale of the properties.
Sebi said the bidders should make their own independent enquiries regarding the nature, type, classifications, encumbrances, litigations, attachments, acquisition liabilities of the properties put under auction prior to submitting their bid.
“The properties are being sold with all the existing and future encumbrances, whether known or unknown to Sebi. Sebi shall not be responsible in any way for any third party claims, rights or dues etc,” the regulator added.