NLMC withdraws 35 RINL plots from Visakhapatnam auction following court order
India, Oct. 29 -- The National Land Monetisation Corporation (NLMC) has withdrawn 35 plots owned by Rashtriya Ispat Nigam Limited (RINL) in Visakhapatnam from its proposed e-auction following a court order barring their sale. The corporation has also revised the bidding schedule for the remaining plots.
In a corrigendum issued on October 26, NLMC said the 35 parcels would not be offered for sale under the request for proposal issued on August 31. It referred prospective bidders to an annexed schedule listing the withdrawn plots and said the decision was in compliance with the court's orders.
A second corrigendum, issued on October 28, revised the auction timeline. Bidders must now complete registration and submit their earnest money dep...
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