Manthan Broadband Services Private Limited, which is under liquidation, has announced an e-auction of its assets worth over Rs 31 crore on October 9, 2025. The auction will be conducted by the company’s liquidator, Mr. Sandip Mitra, under the orders of the National Company Law Tribunal (NCLT), Kolkata Bench, which initiated the liquidation process on April 6, 2022.
The auction will be held between 11:00 AM and 3:00 PM (IST) on the BAANKNET platform (formerly Bikroy). Assets will be sold on an “AS IS WHERE IS, AS IS WHAT IS, WHATEVER THERE IS, AND NO RECOURSE” basis.
Assets on sale
- Block A: Land with assets at Mouza-Tajpur, P.S. Ramnagar, East Medinipur, West Bengal. Area: approx. 3 acres. Reserve price: ₹3.55…