Dear Sir, This is in continuation to our intimation dated 20th February, 2026 informing you that the Company made a bid under e-auction sale notice issued by the official liquidator (attached ....
PRITIKAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pritika Auto Industries had submitted a bid to purchase land and building (64 Kanals) at Village Simbli, Hoshiarpur through an e-auction conducted by the Official Liquidator. However, the company discovered litigation was pending regarding the property. To avoid legal complications, the company requested the Hon'ble High Court of Punjab and Haryana to set aside the auction. The court accepted the request on 11th May 2026 and ordered a refund of the money paid by the company. The deal has been cancelled entirely.
No financial impact on the company as the transaction was reversed and money refunded. This represents a missed opportunity for expansion rather than a loss, as the company wisely avoided acquiring a property with legal disputes.