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ED Auction: The Enforcement Directorate (ED) is going to auction two immovable properties in Hyderabad on Tuesday, March 4, 2025. This auction will be held from 2 pm to 4 pm. These properties are being auctioned under the order of the Supreme Court dated November 11, 2024.
Sale will be done 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 required to participate in the auction.
Opportunity to inspect properties before auction
ED has informed that before the auction, the properties can be inspected till 1 pm on March 4, 2025. Interested people can check the status and documents of the properties during this time.
Action is being taken under the order of the Supreme Court
The order for this auction was given by the Supreme Court on November 11, 2024 in MA No. 2227/2024 and WP (Crl) No. 31/2024. These properties are allegedly related to a legal dispute, which are being sold as per the instructions of the court.
What is the Enforcement Directorate (ED)?
The Enforcement Directorate (ED) is a special investigation 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 when needed.
Check the documents before bidding
It is important for those participating in the auction to check all the documents thoroughly and bid only after understanding the terms of the auction. This will avoid any legal trouble. This can be a big opportunity for the interested parties, as properties are usually available at rates lower than the market price in government auctions.
