SEBI Auctions Rose Valley Group Properties
Real Estate

SEBI Auctions Rose Valley Group Properties

The Securities and Exchange Board of India (SEBI) has announced plans to auction 22 properties belonging to the Rose Valley Group on May 20. This auction is part of SEBI's ongoing efforts to recover funds for investors affected by the Rose Valley chit fund scam.

SEBI's decision to auction the properties comes after the regulator obtained approval from the Supreme Court to sell the assets of the Rose Valley Group. The properties to be auctioned include land parcels, commercial spaces, and residential units located in various parts of the country.

The proceeds from the auction will be utilised to refund investors who were duped in the Rose Valley chit fund scheme. SEBI has been actively engaged in the recovery process to ensure that affected investors receive their rightful dues.

The auction of Rose Valley Group properties underscores SEBI's commitment to investor protection and market integrity. By liquidating the assets of entities involved in fraudulent activities, SEBI aims to deter malpractices and safeguard the interests of investors.

Investors who suffered losses in the Rose Valley chit fund scam are encouraged to participate in the auction process and stake their claims for restitution. SEBI remains vigilant in its pursuit of justice and will continue to take necessary actions to uphold investor confidence and trust in the securities market.

Overall, the auction of Rose Valley Group properties by SEBI marks a significant step towards recovering funds for defrauded investors and holding perpetrators of financial crimes accountable.

The Securities and Exchange Board of India (SEBI) has announced plans to auction 22 properties belonging to the Rose Valley Group on May 20. This auction is part of SEBI's ongoing efforts to recover funds for investors affected by the Rose Valley chit fund scam. SEBI's decision to auction the properties comes after the regulator obtained approval from the Supreme Court to sell the assets of the Rose Valley Group. The properties to be auctioned include land parcels, commercial spaces, and residential units located in various parts of the country. The proceeds from the auction will be utilised to refund investors who were duped in the Rose Valley chit fund scheme. SEBI has been actively engaged in the recovery process to ensure that affected investors receive their rightful dues. The auction of Rose Valley Group properties underscores SEBI's commitment to investor protection and market integrity. By liquidating the assets of entities involved in fraudulent activities, SEBI aims to deter malpractices and safeguard the interests of investors. Investors who suffered losses in the Rose Valley chit fund scam are encouraged to participate in the auction process and stake their claims for restitution. SEBI remains vigilant in its pursuit of justice and will continue to take necessary actions to uphold investor confidence and trust in the securities market. Overall, the auction of Rose Valley Group properties by SEBI marks a significant step towards recovering funds for defrauded investors and holding perpetrators of financial crimes accountable.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?