June 30, 2022


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Nice India Tamasha firm: IDBI Financial institution places properties of Nice India Tamasha Co on sale for non-payment of mortgage dues

Properties of Nice Indian Tamasha Firm — company guarantor of Nice Indian Nautanki Firm — have been put up on the market for non-payment of loans taken from , and . In keeping with a public discover issued by Financial institution, the immovable properties, which will probably be offered by way of e-auction subsequent month, are situated in Karnataka’s Kodagu district.

“IDBI Financial institution invitations bids/affords in sealed covers on the market of the property of Nice Indian Tamasha Firm (company guarantor of Nice Indian Nautanki Firm) beneath the provisions of the Securitisation and Reconstruction of Monetary Property and Enforcement of Safety Curiosity Act,” the lender stated.

The corporate owes IDBI Financial institution Rs 86.48 crore, HDFC Financial institution Rs 6.26 crore and Financial institution of Baroda Rs 49.23 crore.

In keeping with the discover, “The dues of IDBI Financial institution excellent as of Might 1, 2022, stand at Rs 92.69 crore plus curiosity thereon with impact from Might 2, 2022”.

The sale of the secured belongings for which the reserve value has been mounted at Rs 11.53 crore will probably be on “as is the place is foundation”, “as is what’s foundation”, “no matter there’s foundation”, and “no recourse foundation” on behalf of the secured collectors, that are IDBI Financial institution, Financial institution of Baroda and HDFC Financial institution.

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The possible purchaser should deposit earnest cash of Rs 1.15 crore.

IDBI stated it took possession of the property on Might 20, 2022. The property is located at Peroor village of Kodagu district, measuring a complete of 107.24 acres.

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The e-auction will happen on July 27, 2022, and the final date of submission of bids is July 22.

Arrange in January 2008, Nice Indian Tamasha Firm is classed as a non-govt firm with an authorised share capital of Rs 2 crore and its paid-up capital is Rs 2 lakh.

It’s concerned in sporting and different leisure actions.

Administrators of the corporate are Anumod Sharma, Sanjay Choudhry and Wizcraft Worldwide Leisure Pvt Ltd, amongst others.