7th e-auction for hardware inventory sale under insolvency process
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Compuage Infocom, under NCLT-monitored corporate insolvency resolution, has opened bids for the 7th e-auction of hardware inventory in Bhiwandi. The reserve price is Rs 16.15 crore, with Rs 1.615 crore earnest money and Rs 10 lakh minimum bid increase. The sale is as-is and without recourse. Bids close on 8 November 2025 and the auction is set for 22 November.
Successful sale would raise cash for creditors. Repeated auctions and disputed stock show continued distress and uncertainty for shareholders.