The Court of District and Session Judge, Aurangabad has passed an order for attachment and sale of the property of Dhanada Corporation i.e. Vits Hotel, Aurangabad in public auction under Maharashtra Protection of Interest of Depositors (In Financial Establishment) Act, 1999 (MPID Act).
Accordingly, the office of the Sub Divisional Officer and Competent Authority (MPID Act), Aurangabad has issued notice for e-Auction of property / commercial building of the Company i.e. Hotel Vits. CTS No. 18349/1-2-3. Vedant Nagar, Near Goldy Cinema, Railway Station Road. Aurangabad.
The e-Auction process would be conducted on February 22, 2019.
Dhanada Corporation is engaged in the hospitality business with a Five Star hotel in Aurangabad. The company also in the business activities of Hospitality, Treasury Operations.
