Aamby Valley: Bombay HC liquidator starts auction process

The process to sell the Sahara group’s Aamby Valley began on Friday with the official liquidator of the Bombay High Court (HC) inviting bids for the property. 

Last week, the Supreme Court (SC) asked the official liquidator of the Bombay HC to take over and manage Aamby Valley. It said the auction must begin on December 1 (Friday) and has to be completed within eight weeks.

The HC liquidator came out with newspaper advertisements on the sale on Friday.

An earlier attempt to auction the property had failed, as no bidder had come forward to bid for it. In fact, the Securities and