Capital markets regulator Sebi today said it has found buyers for three properties of Pancard Clubs in an auction held today for recovery of funds.
The e-auction for these assets was held today as part of the recovery proceedings against Pancard Clubs, which had raised over Rs 7,000 crore through illegal collective investment schemes (CIS) from more than 51.55 lakh investors between 2002-03 and 2013-14.
These properties are United 21 Royal Resort at Ajmer in Rajasthan, shop at Panvel in Navi Mumbai and office at Goregaon in Mumbai
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app