Overview

• Special MP and MLA Court and a Special PMLA Court made attachments of the Karnala Sports Academy plot in Navi Mumbai and a Panvel taluka land parcel absolute.
• All parties, including Vivekanand Patil, raised no objections, prompting the official liquidator to begin the auction process without delay.
• The Economic Offence Wing first registered a cheating and forgery case against Patil and 76 others in February 2020, triggering an Enforcement Directorate money laundering probe.
• Probe agencies had earlier attached a total of 87 properties under the MPID Act and 76 under the PMLA, including ancestral and commercial holdings.
• Proceeds from the upcoming auctions are earmarked to settle the bank’s ₹512 crore liabilities and fully compensate defrauded depositors.