In a move to recover funds for creditors, the liquidator of the scam-tainted Gitanjali Gems Limited has put up for e-auction three luxury flats in Mumbai’s Santacruz East, previously linked to the company’s promoters, the Choksi family. The auction is part of the liquidation process of the company that collapsed following the massive Punjab National Bank (PNB) fraud.
The properties, identified as Flats No. 101-103, 201-203, and 301-303 on the first, second, and third floors of ‘Sapphire Heights’ (formerly Kheni Tower) in Jogani Complex, Kalina, will be auctioned individually. Each flat, with a merged carpet area of 3,130 sq. ft., carries a reserve price of ₹10,14,48,934. To participate, serious bidders must…