Auction

Guest (Querist) 12 March 2016 This query is : Resolved
Dear all,

Warm regards
I want to know legal way of auction of property by civic body. The KDMC had done a great auction. Have a look...... KDMC have said that it acquired 3 different assets of Tax defaulter worth Rs. 11 crore in auction for just Rs. 3/-.
They even said further that no individual came forward for auction and so it acquired the assets.
Now is this a legal way of auction as the news of property auction was not published in any newspaper, nor on website of KDMC.
it seems that civic body want to buy it for soo much low price

Thank you

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Guest (Querist) 12 March 2016
Kalyan Dombivali Municipal Corporation abbreviated as KDMC.
For facts about this auction, reader may refer to Times of India /city section /mumbai.

Rajendra K Goyal (Expert) 15 March 2016
Use RTI to get information, if laid down procedure not followed, may move legally to challenge.

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