Mumbai: Special PMLA Court Rejects Plea To Auction 131 DSK Group Properties Linked To ₹610-Crore Investor Dues
Mumbai, October 15, 2026: The special Prevention of Money Laundering Act (PMLA) court has rejected a plea filed by the prosecution seeking permission to confiscate and auction 131 properties attached during the investigation into the Deepak Sakharam Kulkarni (DSK) Group case but not owned by DS Kulkarni Developers Ltd (DSKDL). The court instead directed the competent authorities to provide…
Mumbai, October 15, 2026: The special Prevention of Money Laundering Act court has dismissed a plea from the prosecution asking authorities to auction 131 properties tied to the Deepak Sakharam Kulkarni (DSK) Group case but not owned by DSKDL. Instead, the court instructed authorities to provide details of the properties, assets, and owed amounts.
The court stated that the prosecution's application was not maintainable and emphasized the statutory role of the Competent Authority in dealing with attached properties. The court further directed the competent authority to submit a comprehensive list of the properties, the total amount of deposits allegedly collected, the amount due to depositors, and the value of the attached properties for potential repayment.
The prosecution had sought to auction the remaining 131 properties to clear a Rs 610 crore debt owed to 11,102 investors.
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