Company accused of duping investors to lose 6 properties
- | Sunday | 15th July, 2018
The properties to be auctioned at Bathinda are upscale Country Inn and suites hotel on Mansa road worth Rs 56.12 crore, HBN shopping mall-cum-multiplex opposite thermal lake on Goniana road worth Rs 41.45 crore, HBN Sunrise City, Sector 5, Mansa road worth Rs 3.55 crore, HBN Sunrise City, Sector 4, Mansa road, worth Rs 10.90 crore, HBN Sunrise City, Sector 3, Mansa road, worth Rs. BATHINDA: The Securities and Exchange Board of India (SEBI) has announced to auction the six properties of HBN Dairies and Allied Limited, a Delhi-based company. Of these, five properties are situated in Bathinda while one is in Mohali. The notice was pasted at the district administrative complex on Saturday and also at the properties. 10.07 crore and commercial plot at Chapparchiri village, Mohali, worth Rs 31.72 crore.An official of SEBI said the company had collected huge amounts from depositors through money pooling schemes by promising lucrative returns but did not return the money.
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