C & C Constructions Limited — Important, 28-12-2024: Updates

The company is currently under liquidation following an NCLT order. Recent developments include the successful completion of its 14th e-auction, generating a total sale consideration of ₹104 crores, in addition to ₹31 crores from the previous 13th round. The cumulative proceeds from both auctions amount to ₹135 crores. The liquidator has confirmed the receipt of the entire sale consideration from both auction purchasers and has issued a sale certificate for the 13th auction on August 6, 2024, and another on December 27 for the 14th auction purchaser, RK Constructions, which includes interest on delayed payments. The outcome of the liquidation process highlights a consolidated approach to asset recovery, marking a significant financial movement for stakeholders.