Business Update14 May 2026, 06:41 pm
Pritika Auto: Court Sets Aside Land Auction, Orders Refund
AI Summary
Pritika Auto Industries Ltd. announced that the Hon’ble High Court of Punjab & Haryana set aside the e-auction for land and building at Village Simbli, Hoshiarpur, Punjab, following the company's request due to pending litigation. The court ordered a refund of the money to the company. The company had previously been declared the highest bidder in the e-auction. The order was passed on 11/05/2026 and uploaded on 12/05/2026.
Key Highlights
- High Court of Punjab & Haryana set aside land auction for Pritika Auto.
- The court ordered a refund of money to Pritika Auto.
- Pritika Auto requested the auction be set aside due to pending litigation.
- Order was passed on 11/05/2026 and uploaded on 12/05/2026.