In order to recover investor’s money SEBI is going to auction properties of Sunheaven Agro India Ltd on Jan 18, 2021and has reserve price of Rs. 9.4 crore. More than 7700 investors were duped into issuance of redeemable preferences shares without complying with public issue norms and collected Rs. 11.54 crore.
SEBI issued a notice stating about the auction of two properties(land parcels & a building in Kolkata) through online portal between 10:30 to 11:30 AM. The company has been barred from securities market for 4 years