Prime land parcels spanning over 32 acres in Thane district, owned by Sapphire Space Infracon Private Limited and its associate company, are set to go under the hammer in November. The e-auction, ordered by the National Company Law Tribunal (NCLT), marks the final chapter in the insolvency process of Sapphire Space, which culminated in liquidation after a failed resolution attempt.
The liquidator, Harish Kant Kaushik, has issued a notice for the e-auction scheduled for November 7, 2025. The assets, part of the “Sathyanagar Project” in Ranishigaon (Nevale) village, will be sold in two ways: either jointly as a “going concern” for a reserve price of ₹41.91 crore, or in a separate parcel for the same amount. The…