Sterling SEZ and Infrastructure Limited (in liquidation) is set to be auctioned on September 15, 2025, with a reserve price of Rs 324 crore (INR 3,243 million). The e-auction will be conducted on an “as is where is,” “as is what is basis,” “whatever there is basis,” and “no recourse basis.” The last date for bid submissions has been extended to September 12, 2025.
This auction marks a significant step in the long-running insolvency process of the company, a subsidiary of the larger Sterling Biotech group.
The National Company Law Tribunal (NCLT) had ordered the liquidation of Sterling SEZ and Infrastructure Ltd in October 2021 bringing a definitive end to its turbulent Corporate Insolvency Resolution…