HCC invites bids to purchase stock of NSEL Defaulter Shree Radhey Trading Co.

Shree Radhey Trading Company, one of the defaulters of NSEL crisis is based in Saharanpur, Uttar Pradesh. Shree Radhey Trading Company has been declared as defaulter with total outstanding default amount of 34.48 crore.

Shree Radhey Trading Co

Economic Offences Wing had seized the properties of Shree Radhey Trading company, who had repeatedly failed to honor orders passed by the Bombay High Court. In response to this, HCC invites bids to purchase stock of NSEL Defaulter Shree Radhey Trading Co.

“Offers are invited on behalf of the Committee, appointed as the Receiver under Order dated 6th May 2015 passed by the Hon’ble Bombay High Court in Suit No. 173 of 2014 (Modern India Ltd. and Ors. v/s. Financial Technologies (I) Pvt. Ltd. Ors.), for purchase of stock of black pepper and red chilly belonging to M/s. Shree Radhey Trading Co.”

For terms and conditions and inspection of the stock, please contact Mr. Yogesh Parikh, Secretary-Legal of High Court Committee. Bidders can download tender forms & T&C from the following link.

Offers must quote rates on basis of per quintal & must be accompanied by DD/PO for 15 lakhs. Demand Draft /Pay Order should be drawn in favour of Registrar / Prothonototary and Senior Master, High Court, Bombay as earnest money.

Documents must be submitted in a sealed cover in prescribed form annexed to the terms and conditions marked ‘Offer for purchase of Red Chilly / Black Pepper’ to the undersigned by registered post or by hand delivery.

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