Two Mandideep units auctioned
COMMERCIAL TAX Department?s Bhopal Division?II has auctioned two industrial units of Mandideep for non-payment of outstanding dues to the tune of Rs 4 crore.india Updated: Feb 19, 2007 01:22 IST
COMMERCIAL TAX Department’s Bhopal Division–II has auctioned two industrial units of Mandideep for non-payment of outstanding dues to the tune of Rs 4 crore.
The auction conducted by the department is the first of its kind in the Mandideep industrial area. Speaking to the Hindustan Times, the Commercial Tax deputy commissioner P M Janoria said that a Delhi-based unit Saroj Metals had an outstanding of Rs 2.30 crore, which its owner failed to pay. “We’ve auctioned the unit at Rs 74 lakh to Mansoor Traders.
An amount of Rs 19 lakh has already been paid and rest would be deposited by February 21”, said Janoria. The other unit, auctioned at Rs 54.32 lakh, is Vista Organics, which had an outstanding of Rs 1.70 crore. However, it is yet to be finalised due to a High Court stay order. “Everything has been finalised and as the stay order gets vacated, the amount would be collected from the bidder”, Janoria said.
There were eight bidders in the auctioning of Saroj Metals and ten in the case of Vista Organics. Janoria, who was accompanied by Commercial Tax officer O P Pandey in the recovery operation, said even after auctioning of the units, the department would continue with its recovery process to get the remaining dues.
“The department, following the instruction of CT Commissioner P K Dash, would take stringent action against tax defaulters, even to the extent of auctioning a property,” he added.
First Published: Feb 19, 2007 01:22 IST