The liquidator of Neesa Agritech and Foods Ltd has initiated the sale of the company’s land assets through an e-auction process under the Insolvency and Bankruptcy Code (IBC), with a combined reserve price of nearly ₹14.2 crore.
According to the auction notice, three land parcels located in Ahmedabad district of Gujarat will be offered for sale either as a single package or individually. Preference will be given to bids for the assets on a collective basis, while standalone auctions will be conducted if no successful composite bid is received.
The assets comprise Plot No. 261 and Plot No. 278 at Navapura in Sanand taluka and Plot No. 1284 at Visalpur in Daskroi taluka. Together, the three parcels measure about 16,540…