<p>New Delhi: Capital markets regulator <a href="https://www.deccanherald.com/search?q=Sebi">Sebi </a>will auction eight properties of HBN Dairies & Allied Ltd next month for a reserve price of Rs 67.70 crore.</p>.<p>The move is a part of Sebi's effort to recover money raised by HBN Dairies through illicit collective investment schemes.</p>.<p>This came after the <a href="https://www.deccanherald.com/search?q=SC">Supreme Court</a> in its order dated May 14, 2024, authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator.</p>.Sebi mandates new filing requirements for AIFs opting for dissolution period.<p>The markets watchdog initiated the process for the sale of assets after HBN Dairies & Allied Ltd and its directors -- Harmender Singh Sran, Amandeep Singh Sran, Manjeet Kaur Sran and Jasbeer Kaur -- failed to refund the investors' money.</p>.<p>The properties to go under the hammer include a shopping mall-cum-multiplex, hotel, plots and commercial shops, the Securities and Exchange Board of India (Sebi) said in a notice on Wednesday.</p>.<p>The properties were located in New Delhi, Punjab, Madhya Pradesh, Gujarat and Maharashtra and were auctioned at a reserve price of Rs 67.70 crore.</p>.<p>Quikr Realty has been engaged by Sebi to assist it in the e-auction, while C1 India has been appointed as the e-auction service provider, the regulator said in a notice.</p>.<p>As per the notice, the regulator said bidders should make independent enquiries regarding the encumbrances, litigations, attachments and acquisition liabilities of the properties put on action prior to submitting their bid.</p>.<p>"Sale or auction shall be through online bidding. Bidders can participate in the e-auction from anywhere," the regulator noted.</p>.Hindenburg shared Adani report with client 2 months before publishing: Sebi.<p>The markets watchdog is inviting bids for the sale of properties in the recovery proceedings against HBN Dairies & Allied Ltd and its directors.</p>.<p>Sebi said the auction will be conducted online on August 13 from 11 am to 1 pm.</p>.<p>The company had illegally mobilised Rs 1,136 crore from gullible investors through schemes involving purchase of cattle to earn huge returns from the sale of ghee.</p>.<p>By indulging in these activities, HBN Dairies & Allied had flouted the regulatory norms.</p>
<p>New Delhi: Capital markets regulator <a href="https://www.deccanherald.com/search?q=Sebi">Sebi </a>will auction eight properties of HBN Dairies & Allied Ltd next month for a reserve price of Rs 67.70 crore.</p>.<p>The move is a part of Sebi's effort to recover money raised by HBN Dairies through illicit collective investment schemes.</p>.<p>This came after the <a href="https://www.deccanherald.com/search?q=SC">Supreme Court</a> in its order dated May 14, 2024, authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator.</p>.Sebi mandates new filing requirements for AIFs opting for dissolution period.<p>The markets watchdog initiated the process for the sale of assets after HBN Dairies & Allied Ltd and its directors -- Harmender Singh Sran, Amandeep Singh Sran, Manjeet Kaur Sran and Jasbeer Kaur -- failed to refund the investors' money.</p>.<p>The properties to go under the hammer include a shopping mall-cum-multiplex, hotel, plots and commercial shops, the Securities and Exchange Board of India (Sebi) said in a notice on Wednesday.</p>.<p>The properties were located in New Delhi, Punjab, Madhya Pradesh, Gujarat and Maharashtra and were auctioned at a reserve price of Rs 67.70 crore.</p>.<p>Quikr Realty has been engaged by Sebi to assist it in the e-auction, while C1 India has been appointed as the e-auction service provider, the regulator said in a notice.</p>.<p>As per the notice, the regulator said bidders should make independent enquiries regarding the encumbrances, litigations, attachments and acquisition liabilities of the properties put on action prior to submitting their bid.</p>.<p>"Sale or auction shall be through online bidding. Bidders can participate in the e-auction from anywhere," the regulator noted.</p>.Hindenburg shared Adani report with client 2 months before publishing: Sebi.<p>The markets watchdog is inviting bids for the sale of properties in the recovery proceedings against HBN Dairies & Allied Ltd and its directors.</p>.<p>Sebi said the auction will be conducted online on August 13 from 11 am to 1 pm.</p>.<p>The company had illegally mobilised Rs 1,136 crore from gullible investors through schemes involving purchase of cattle to earn huge returns from the sale of ghee.</p>.<p>By indulging in these activities, HBN Dairies & Allied had flouted the regulatory norms.</p>