ED Conducting Auction: The Enforcement Directorate (ED) is going to auction two immovable properties on Tuesday (March 4, 2025) in Hyderabad. This auction will be from 2 pm to 4 pm. These properties are being auctioned under the Supreme Court order (dated 11 November 2024).
Will sell through online auction
The auction will be conducted online through MSTC Limited (mstcindia.co.in). Interested buyers can bid through this portal. Registration will be necessary to join the auction.
Opportunity to inspect properties before auction
The ED has informed that the properties can be inspected by 1 pm on March 4, 2025 before the auction. Interested people can check the status and documents of the properties during this period.
Action is being taken under Supreme Court order
The order of this auction was given by the Supreme Court on 11 November 2024 Ma No. 2227/2024 and WP (CRL) No. Was given under 31/2024. These properties are reportedly associated with a legal dispute, which are being sold according to the instructions of the court.
What is the Enforcement Directorate (ED)?
The Enforcement Directorate (ED) is a special investigating agency of the Government of India, which investigates cases of violation of money laundering (PMLA) and foreign exchange regulation laws (FEMA). ED seizes illegal properties across the country and takes legal action against them and auctions them if needed.
Check documents before bidding
It is necessary for those who participate in the auction to check all the documents thoroughly and understand the conditions of the auction. This will prevent any legal trouble. This can be a big opportunity for the deales, as assets in government auction are usually available at the rates lower than the market price.
Also read- Nitish Kumar Birthday: Bihar CM Nitish Kumar and Tamil Nadu CM MK Stalin’s birthday today, PM Modi congratulated