Archive · 9 Nov 2025
Mumbai Court Approves Auction of Mehul Choksi Linked Properties
A court in Mumbai has given permission to sell some of the things Mehul Choksi's company, Gitanjali Gems, owns.
These are 13 properties that are not promised to anyone else, like apartments, a business space, workshops, silver, and machines, and they are worth about 46 crore rupees.
This is part of a big bank fraud case where Choksi is accused of taking a lot of money.
The court wants to wait until the case is over to decide what happens with the money from selling these items.
At the same time, Mehul Choksi is also fighting in Belgium not to be sent back to India to face charges.
He has asked Belgium's highest court to review the decision to extradite him.
A Mumbai court has authorized the valuation and auction of 13 unsecured properties linked to Gitanjali Gems, a company associated with fugitive businessman Mehul Choksi.
The properties, including flats, a commercial unit, industrial galas, silver bricks, and machinery, are estimated to be worth approximately Rs 46 crore.
Key locations for these assets include Borivali, Bandra-Kurla Complex, Goregaon in Mumbai, and a facility in Jaipur.
Mehul Choksi is currently challenging an extradition order in the Supreme Court of Belgium, which temporarily suspends the extradition process.
The proceeds from the auction will be handled according to the outcome of the ongoing legal trial in the Rs 23,000-crore Punjab National Bank fraud case.
- Who
- A Mumbai court, Gitanjali Gems Ltd, fugitive businessman Mehul Choksi, Belgian Supreme Court
- What
- The Mumbai court has authorized the valuation and auction of 13 unsecured properties linked to Gitanjali Gems and Mehul Choksi. Meanwhile, Choksi is challenging his extradition in the Belgian Supreme Court.
- When
- Recent court order; Choksi's extradition appeal filed in Belgian Supreme Court; Belgian Court of Appeals ruling on October 17; India's extradition request made on August 27, 2024.
- Where
- Mumbai (court location), Borivali, Bandra-Kurla Complex, Goregaon (Mumbai), Jaipur (property locations), Belgium (extradition proceedings)
- Why
- To auction unsecured properties as part of the Punjab National Bank fraud case proceedings and due to Mehul Choksi's ongoing legal challenge against extradition.
Mehul Choksi
Indian Authorities
Extradition Process
Mehul Choksi
Mehul Choksi has filed an appeal in the Supreme Court of Belgium, contesting the extradition order. This legal challenge temporarily suspends the execution of the extradition.
Indian Authorities
Belgian courts have previously upheld India's extradition request, finding no legal barriers and asserting that Choksi faces no risk of unfair treatment or ill-treatment upon extradition.
- Company Linked to Mehul Choksi
- Gitanjali Gems Ltd
- Number of Unsecured Properties to be Auctioned
- 13
- Estimated Value of Properties
- Approximately Rs 46 crore
- Types of Assets
- Flats, commercial units, industrial galas, silver bricks, semi-precious stones, machinery
- Key Property Locations
- Borivali, Bandra-Kurla Complex, Goregaon (Mumbai), Jaipur
- Court's Instruction on Proceeds
- Ownership or confiscation of proceeds will be determined after the trial; secured creditors' properties remain untouched.
- Alleged Amount Siphoned by Choksi
- Rs 6,400 crore
- Total PNB Fraud Case Amount
- Rs 23,000 crore
