Supreme Court forms panel of Justices S Ravindra Bhat, Satish Chandra to conduct auction of ₹4,000 crore assets

The Supreme Court has appointed a panel led by Justices S. Ravindra Bhat and Satish Chandra to oversee the auction of assets worth ₹4,000 crore. This move aims to expedite the sale of properties attached under the Prevention of Money Laundering Act (PMLA). The panel will manage the auction process, ensuring transparency and adherence to legal procedures. This initiative underscores efforts to efficiently handle high-value asset disposals in PMLA cases, aiming to prevent delays and maximize recovery for creditors and stakeholders involved.