ED completes registration of 9 auctioned properties worth Rs 103.26 crore in Nowhera Shaik-Heera Group case
Hyderabad, Oct. 16 -- The Directorate of Enforcement (ED), Hyderabad Zonal Office, has completed the registration of nine auctioned properties worth Rs 103.26 crore in the Nowhera Shaik-Heera Group case, with two properties worth approximately Rs 88.23 crore registered on Friday.
The two immovable properties, Karvy Centre and Naina Towers, are situated in Banjara Hills, Hyderabad. The latest registrations follow the registration of seven properties on October 5, taking the aggregate sale consideration to Rs 103.26 crore.
According to the release, the auctions were conducted pursuant to the directions of the Supreme Court in the case of Nowhera Shaik, Heera Group of Companies and others, with the objective of restituting proceeds to genu...
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