PRITIKAUTO

PRITIKA AUTO WITHDRAWS FROM HOSIARPUR LAND AUCTION 🏭⚖️ • 🏢 Company had earlier emerged as highest bidder for 64 Kanal land & building parcel at Hoshiarpur, Punjab via e-auction • ⚠️ Subsequently discovered pending litigation related to the property • 🧑‍⚖️ Company approached Punjab & Haryana High Court seeking cancellation of auction to avoid involvement in litigation • ✅ Hon’ble High Court set aside the auction vide order dated May 11, 2026 and directed refund of money to the company 🟡 Impact: Neutral (Company avoids legal uncertainty and potential litigation risk linked to the property acquisition)