Assets of Shakti Bhog Foods to go under e-auction in January 2026

The assets of Shakti Bhog Foods Limited, a company now under liquidation, will be put up for e-auction in January 2026. The sale follows an order dated January 20, 2025, from the National Company Law Tribunal (NCLT), New Delhi Bench, and will be conducted through the online platform E-BKray at https://libbi.baanknet.com/eauction-libbi.

The liquidator, Purusottam Behera, has issued a public notice inviting bids for four lots comprising factory land, commercial office spaces, residential land with machinery, and standalone plant and machinery—all located in and around Delhi. The total reserve price for all lots amounts to approximately Rs 46.87 crore.

Key Assets on the Block

The auction includes the following prime assets:

1. Lot 1: Factory land and building at GT Karnal Road, Delhi, spread over 1,210 square yards. Reserve price: ₹15.91 crore.
2. Lot 2: Commercial office spaces at Pearl Business Park, Wazirpur, New Delhi, with a total built-up area of 9,387.36 square feet across two floors. Reserve price: ₹25.13 crore.
3. Lot 3: Land and building at Teachers Colony, Samaypur Badli, along with plant and machinery. Reserve price: ₹5.19 crore.
4. Lot 4: Plant and machinery located at GT Karnal Road, Delhi. Reserve price: ₹64 lakh.

All assets are being sold on an “as is where is,” “whatever there is,” and “without recourse” basis, meaning buyers assume all risks associated with the condition and legal status of the properties.

Auction Schedule and Process

The e-auction is scheduled for January 9, 2026, from 2:00 PM to 4:00 PM, with an unlimited 5-minute extension rule applying if bids are placed in the final moments. Interested bidders must submit required documents and pay the Earnest Money Deposit (EMD) by January 7, 2026, before 5:00 PM.

EMD amounts range from ₹6.4 lakh to ₹2.51 crore, depending on the lot, and must be paid via the e-wallet facility on the auction portal. The highest bidder’s EMD will later be transferred to the liquidation account of Shakti Bhog Foods Limited with the State Bank of India.

Site Inspection and Important Conditions

Prospective buyers can inspect the assets between December 13, 2025, and January 7, 2026, by prior appointment. The liquidator has clarified that the sale is subject to the terms outlined in the e-auction process document, which is available on the portal.

Notably, the liquidator retains the absolute right to accept, reject, adjourn, or cancel the auction without providing reasons. Additionally, bidders must submit a written undertaking confirming they are not ineligible under Section 29A of the IBC, which bars certain categories of persons from participating in resolution or liquidation processes.

Payment Timeline for Successful Bidder

The winning bidder must pay the remaining sale consideration within 30 days of receiving the Letter of Intent from the liquidator. Delayed payments between 30 and 90 days will attract 12% annual interest, and failure to pay within 90 days will result in cancellation of the sale and forfeiture of the EMD.

Background

Shakti Bhog Foods Limited, once a prominent name in India’s food processing sector, entered liquidation after failing to revive under the corporate insolvency resolution process. The company’s assets, now being monetized, are expected to attract interest from real estate developers, investors, and industrial buyers.

Also See: Cheema Spintex Limited’s assets valued at ₹57 crore to go under e-auction on December 26