AAA Valuation Professionals LLP

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Topic : Creditors-Initiated Insolvency Resolution Process With Draft Regulations

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AAA Insolvency 16 likes, 1 comment. "Creditors-Initiated Insolvency Resolution Process With Draft Regulations"

Proud Moment for AAA INSOLVENCY | Successful Auction Closure! 🌟

We are pleased to report the successful conclusion of the e-auction for the 211 sq. ft. premium office space at Bharat Diamond Bourse, BKC, Mumbai – assets of Gitanjali Gems Limited (in Liquidation).

Conversion Metrics that speak volumes:
• 72 qualified leads engaged
• 22 physical site inspections conducted
• 12 serious companies submitted EMDs and actively placed bids

Financial Highlights:

• Reserve Price: ₹1,35,04,000
• Final Realization: ₹2,23,54,000
• Total Gain: ₹88,50,000 (≈ 65.53% above reserve price)

This exceptional outcome is a testament to meticulous planning, transparent processes, and relentless ex*****on AAA team

A heartfelt appreciation to our esteemed Liquidator Adv Santanu T Ray and the entire AAAIP team for their unwavering commitment, strategic guidance, and professional excellence that turned this asset into a value-maximising success story.

Grateful to all bidders, advisors, and stakeholders who participated and reposed their trust in the process.

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