Authority: Rajan Kumar, Recovery Officer, Securities and Exchange Board of India
Order Date: August 24, 2026
Case Overview
The Securities and Exchange Board of India (SEBI) has issued a corrigendum to its public notice dated August 21, 2026 regarding the e-auction sale of immovable properties belonging to Kim Infrastructure & Developers Limited. The recovery proceedings were initiated under Recovery Certificate No. 1804 of 2018 dated November 22, 2018 against the company and its directors: Mr. Ravinder Singh Sidhu, Mr. Rajesh Kumar, Mr. Sukhpal Singh Barar, and Mr. Sanjib Sikdar (collectively referred to as Defaulters). The properties are being sold through e-auction on an "as is where is and whatever there is" basis.
The corrigendum specifically updates the contact details for Quikr India Private Limited, the agency appointed to assist SEBI in the auction process. The corrected contact information includes their website (https://auctions.quikr.com), email (auctions@quikr.com), and mobile numbers (+91-9176197676 and +91-9930504931). All other contents of the original auction notice remain unchanged.
Final Outcome
The corrigendum serves to provide accurate contact information for prospective bidders interested in participating in the e-auction of Kim Infrastructure & Developers Limited's properties. Interested parties are directed to visit the 'Auction Notice under Recovery Proceedings' section under the 'Enforcement' tab on www.sebi.gov.in for complete details of the auction process.
Topics: SEBI Recovery Proceedings, Property Auction, Regulatory Compliance