Rs 21.6 crore assets of Sri Pavana Keerti Hotels on sale under liquidation process

Sri Pavana Keerti Hotels India Private Limited, which is undergoing liquidation under the Insolvency and Bankruptcy Code (IBC), has put its hotel property in Hyderabad on the block through a fourth round of e-auction with a reserve price of Rs 21.6 crore.

According to the sale notice issued by liquidator Govada Venkata Subba Rao, the assets include hotel land, building, plant and machinery, and furniture, fixtures and equipment of the company. The property is being sold on an “as is where is”, “as is what is” and “without any warranties” basis through the IBBI’s Baanknet auction platform.

The asset comprises a hotel property located at Himayathnagar in Hyderabad with 50 guest rooms spread across Levels 6 and 7, covering 27,570 sq ft. The property also includes a banquet hall, restaurant and kitchen on Level 5 spanning 9,615 sq ft, along with an undivided land share of 1,500 square yards.

The e-auction has been scheduled for June 13, 2026, between 3 pm and 5 pm. Prospective bidders can conduct inspection and due diligence of the assets till June 11, while the last date for submission of bid documents and earnest money deposit (EMD) is June 12. The EMD has been fixed at Rs 2.16 crore, while the minimum bid increment is Rs 10 lakh.

The liquidator said interested bidders must comply with eligibility norms under Section 29A of the IBC and submit undertakings confirming they are not disqualified from participating in the process.

This is the fourth attempt to sell the hospitality asset through the auction route, indicating challenges in attracting buyers amid a subdued market for stressed hotel assets.

The Sri Pavana Keerti Hotels asset on sale is located in Himayathnagar, a prime commercial and residential locality in central Hyderabad with proximity to business districts, retail hubs and transport links, which could make the asset attractive for hospitality operators and real estate investors.

Under the IBC liquidation process, proceeds from the sale would be distributed among creditors in accordance with the waterfall mechanism prescribed under the bankruptcy law.

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