Rs 65-cr assets of Shree Bankey Behari Exports to be auctioned on 26 Sept

An e-auction has been announced for the assets of Shree Bankey Behari Exports Limited (In Liquidation), following an order from the National Company Law Tribunal, Principal Bench, New Delhi, on May 13, 2025. The sale is being conducted by Liquidator Mrs. Pooja Bahry. The auction will be held on Friday, September 26, 2025, from 12:00 PM to 2:00 PM on the e-auction platform, baanknet.com.

Assets on offer

The sole asset being offered for sale is a parcel of land and a building located at Industrial Plot No. 2253-2257, Sector 38, Phase II, HSIIDC Industrial Estate, Food Park, Rai, Sonipat, Haryana. The property measures 20,250 square meters.

The reserve price for the asset is Rs 65 Crores (65,00,00,000), with an earnest money deposit (EMD) set at Rs 5 Crores (5,00,00,000). The last date to submit the EMD is September 23, 2025.

The sale is being conducted on an “As is where is basis,” “As is what is basis,” “Whatever there is basis,” and “Without recourse basis”. Interested bidders are invited to submit their offers online. For additional details and terms, prospective bidders should refer to the auction document on the baanknet.com website.

Order of liquidation

The National Company Law Tribunal (NCLT), Principal Bench, New Delhi, ordered the liquidation of Shree Bankey Behari Exports Limited, which is now proceeding with the e-auction of its assets. The liquidation order, pronounced on May 13, 2025, follows an application filed by Rohit Sehgal, the Resolution Professional for the company.

The decision to liquidate was made by the Committee of Creditors (CoC) in its 16th meeting on October 21, 2024, after all three resolution plans submitted by prospective applicants were rejected. Although one plan offered a value higher than the company’s liquidation value of Rs 44.88 crores, the CoC, in its commercial judgment, disapproved it. The liquidation resolution was approved by more than 66% of the CoC’s voting share

The company owes more than Rs 1,700 crore to all creditors, including over Rs 1,500 crore to secured financial creditors.

Also See: Future Retail’s iconic brands Big Bazaar, Foodhall up for auction with ₹155 cr reserve price