Auction company 

pnb: the Directorate of Execution is auctioning Nirav’s assets to recover contributions

MUMBAI: The Enforcement Directorate (ED) has seconded assets worth Rs 1,000 crore, including the building that once housed the Rhythm House music store in Kala Ghoda, an apartment on Nepeansea Road, a office building in Kurla and jewelry from diamond dealer Nirav Modi on auction court order to recover Punjab National Bank (PNB) dues. The National Company Law Tribunal has appointed a liquidator to sell the properties at auction. The ED has already released some of these properties and is in the process of handing over the rest, which includes…

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Local auction 

South African minister opposes sale of key to Mandela’s cellphone

JOHANNESBURG – A South African minister on Friday demanded the cancellation of an upcoming US auction of a key to the cell in Robben Island prison where Nelson Mandela, the country’s first black president, was long jailed for his opposition to apartheid. The key is among Mandela’s memories to be sold by the Guernsey auction house in New York on January 28. Most of the items were provided by members of Mandela’s family to raise funds for a museum and a garden around his grave, while the key is sold…

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Auction items 

South Africa condemns US auctioneers for selling key that kept Nelson Mandela locked up for 18 years

The South African government has condemned an upcoming auction in the United States of the key that kept former South African President Nelson Mandela locked behind bars for nearly 20 years. New York-based auction house Guernsey’s is hosting an online-only auction next month that will see the sale of a number of items that were of significant importance during Mandela’s life. And the key that kept Mandela behind bars on Robben Island is expected to fetch over £ 1million when sold. But today, the South African Minister for Sports, Arts…

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