Pancard Clubs' 43 properties, 5 luxury cars to be auctioned
Markets regulator SEBI has said it will auction 43 properties of Pancard Clubs (PCL) as well as five vehicles, including Mercedes-Benz and Toyota Innova, owned by the company. The properties listed for auction mostly include hotels, resorts and bungalows located in Maharashtra, Karnataka, Gujarat, Goa and Tamil Nadu. PCL had allegedly duped over 50 lakh investors of approximately â¹7,035 crore. 