Capital markets regulator Sebi has said it will auction 13 properties of five companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors on January 22 to recover money illegally collected from investors.
The other firms whose properties will be auctioned are Just-Reliable Projects India Ltd, Orion Industries, and Rakhal Bharoti group of companies.
The properties will be auctioned at a reserve price of Rs 15.08 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi) on Monday said.
These assets include land parcels in West Bengal and Jharkhand.
Further, Quikr Realty has been engaged by Sebi to assist in the sale of these properties.
Of the 13 properties, seven are related to Rakhal Bharoti group of companies, two each of Orion Industries Ltd and Just-Reliable Projects India and one each of Sunheaven Agro India, and Ravikiran Realty.
Inviting bids for the sale of the properties in the reco
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