SEBI Auctions Saradha Group Properties on 17 October

21 Sep 2023 CW Team

The Securities and Exchange Board of India (SEBI) has announced the auction of Saradha Group properties scheduled for 17 October. This development marks a significant step in the ongoing efforts to recover funds and assets related to the Saradha chit fund scam.

SEBI has been actively engaged in the recovery of funds from the Saradha Group, which was involved in one of the most prominent financial scams in recent years. The auction will include a range of properties owned by the group, including land parcels and real estate assets.

Investors and stakeholders closely follow this auction as it represents a crucial phase in the process of compensating those affected by the scam. The proceeds from the auction will be utilised to repay the investors who were defrauded by the Saradha Group.

This move by SEBI underscores its commitment to ensuring justice in financial fraud cases and providing restitution to the victims. The auction on October 17th is anticipated to draw significant attention from both bidders and the public as the fate of these assets is determined.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..