Khaitan Electricals Limited, currently under liquidation pursuant to the Insolvency and Bankruptcy Code, 2016 (IBC), will auction a 20.52-acre freehold land parcel in West Bengal through an online e-auction on 10 June 2026. The sale is being conducted by court-appointed liquidator Kamalesh Kumar Singhania on an “as is where is” basis, with no warranties or representations.
The property, located at Mouza Sangur, Panchayat Protapnagar, under Sonarpur police station in South 24 Parganas district, carries a reserve price of ₹4,89,29,310 (approximately ₹4.89 crore). Interested bidders are required to deposit an Earnest Money Deposit (EMD) of ₹48,92,900 ahead of participation.
The auction will be held on the BAANKNET…