Should Aamby Valley sale draw from insolvency process?

The first attempt to auction the valley was a disaster as just two bidders were reportedly in the fray in the initial stages and even these did not turn up for inspection

“Why dream of a villa when you can own an entire valley?” screamed a newspaper advertisement released on December 1. No prizes for guessing what the ad was about. The official liquidator of the Bombay High Court has begun his second attempt at selling luxury township Aamby Valley to recover the dues of the Securities and Exchange Board of India (Sebi). 

Under the hammer are three distinct properties. One is the 6,761-acre integrated hill city township with multiple facilities like an international school, hospital, and airport. Some of these facilities are held through corporate entities. The second part comprises land