Sebi ordered attachment of properties, luxury cars and jewellery of Pancard Clubs to recover dues worth Rs 7,035 cr in a case related to illegal fund raising.
Looking to recover over Rs 7,000 crore of investors' money, Sebi will next month auction 24 properties of Pancard Clubs and its late chairman and MD.
Sebi said it has not called for any claim application in illegal money-pooling case and warned a trust against collecting such applications from investors.
Sebi has lined up as many as 11 properties of Pancard Clubs and its late CMD for an online auction next month at a total reserve price of Rs 253 crore.
Total reserve price of these properties is pegged at Rs 270.51 crore.
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