SEBI announces e-auction of a 50% share in a Mumbai residential flat owned by defaulter Jinesh Rajendra Bhatt to recover dues under multiple certificates.
The auction, conducted via Quikr India, has a reserve price of ₹69.91 lakh with a 10% EMD requirement and is scheduled for September 4, 2026.
The property is sold on an 'as is where is' basis, with all statutory dues and title verification being the sole responsibility of the successful bidder.
The highest bidder must pay 25% of the bid amount within 2 days and the balance with a 1% poundage fee within 15 days of auction closure.