Overview

• Sanjay Shirsat instructed his son Siddhant to pull out of the court-supervised auction for the VITS Hotel in Chhatrapati Sambhajinagar following claims that the ₹67 crore bid undervalued the property.
• Shiv Sena (UBT) leaders led by MLC Ambadas Danve have pressed for disclosure of Siddhant’s business partners alongside the company’s registration to clarify the source of funds.
• Sanjay Shirsat defended the process by noting seven previous tenders failed to attract bidders and asserting the court-determined price required transparent ‘in white’ payment.
• Withdrawing from the deal risks forfeiture of the ₹20 lakh earnest money deposit under auction rules if full payment is not completed.
• Shirsat challenged his critics to participate in an eighth tender if they believe the hotel’s market value truly exceeds ₹100 crore.