The auction of the Dunlop-owned Mumbai property may not be a cakewalk following a number of litigations and the West Bengal government’s takeover of Dunlop India in February. Though ICICI Bank, which is auctioning the property, has got a clearance from the Supreme Court, litigations and takeover may play a spoilsport, feel property consultants. The bank is auctioning the prime property of the tyre manufacturer spread over an acre on the upscale Annie Besant Road in Mumbai to recover loans to Ruia Group companies.
Read more: Economic Times
