Authority: Securities and Exchange Board of India (SEBI)
Order Date: October 29, 2026 (Notice Date)
Case Overview
The Hon'ble Supreme Court of India, vide order dated September 02, 2025, directed SEBI to sell properties belonging to Royal Twinkle Star Club Pvt. Ltd. (RTSCL), Citrus Check Inns Ltd. (CCIL), and their 88 associate/sister concerns. This action appears to be part of recovery proceedings initiated by the market regulator against these entities. The notice serves as a public announcement for the e-auction of these properties to facilitate the recovery process as mandated by the Supreme Court.
Final Outcome
SEBI has scheduled an e-auction for five properties with a combined reserve price of ₹13,99,21,635. The properties include:
1. Residential Flat in Pune: 241.94 sq. meters at CTS No.111A, Budhwar Peth, Pune - Reserve Price: ₹1,56,35,856
2. Commercial Office in Chiplun: 97.58 sq. meters built-up area at S-3, 2nd Floor, Parshuram Park, Chiplun, Ratnagiri District - Reserve Price: ₹30,57,279
3. Commercial Office in Valsad: 1,460 sq. ft. (135.63 sq. meters super built-up area) at Office No. 601-604, 6th Floor, K B Malls, Halar Road, Valsad, Gujarat - Reserve Price: ₹26,08,500
4. Land in Idukki: 11.50 acres at Survey No. 20/1, Chinnakanal Village, Udumbanchola Taluka, Idukki District, Kerala - Reserve Price: ₹8,80,20,000
5. Office in North Goa: 329.60 sq. meters built-up area at Office No. 601-605, 6th Floor, "The Atria", Mapusa, Bardez, North Goa - Reserve Price: ₹2,97,00,000
The e-auction is scheduled for November 30, 2026, at 10:30 AM. Interested applicants must submit their bid applications online in the prescribed format on or before November 26, 2026. The properties will be sold on an "as is where is and whatever there is" basis. Quikr India Pvt. Ltd. has been engaged as the agency to assist with the e-auction process, and interested parties can contact them at +91 9321575329 or 9619118875, or via email at auctions@quikr.com.
Complete details including property descriptions, reserve prices, EMD remittance details, terms and conditions of auction are available on SEBI's website (www.sebi.gov.in >> Enforcement >> Auction Notice under Recovery Proceedings) and the agency's website (https://auctions.quikr.com).
Topics: SEBI Recovery Proceedings, Property Auction, Supreme Court Directive