E-Auction Launched on Mumbai Properties to Recover ₹455 Crore Tax Debt

E-Auction Launched on Mumbai Properties to Recover ₹455 Crore Tax Debt.webp


Mumbai, February 12 The civic body in Mumbai initiated e-auction proceedings against six properties on Thursday due to non-payment of property tax amounting to Rs 455.48 crore.

The Brihanmumbai Municipal Corporation also issued 21-day final notices to two other defaulters, as stated in a press release.

"Despite repeated notices, the concerned property owners failed to clear outstanding dues totaling Rs 455,48,94,374, including penalties, prompting the corporation to initiate the e-auction process against six of them. The six properties identified for e-auction are located in Goregaon (West), Bandra (West), Dahisar, Parel, Mazgaon, and Malad-Kurar village," the release stated.

In the case of two other properties located in the Fort area in south Mumbai, the owners have been served extended 21-day notices to clear pending dues; otherwise, auction proceedings will be initiated, the release added.

The two properties in Fort comprise a residential-cum-hospital premises with outstanding tax dues of Rs 21.03 crore and commercial premises with dues of Rs 13.47 crore.

As part of a special drive against major tax defaulters, the civic body's Assessment and Collection Department carried out attachment and distraint action on eight properties across the city. The properties include open plots, residential land, commercial units, industrial premises, and a hotel, the release said.

The action was taken under relevant provisions of the Mumbai Municipal Corporation Act, including Sections 203 to 206, it stated.

"As per procedure, movable assets on the premises will first be attached and auctioned. If dues remain unpaid, the immovable property will be put up for auction in accordance with statutory provisions and in compliance with the Bombay High Court's interim order in Writ Petition No 2592 of 2013," an official said.
 
Tags Tags
brihanmumbai municipal corporation e-auction mumbai mumbai municipal corporation act property attachment property defaulters property tax
Back
Top