Karnataka High Court shocked over valuation of plantation property worth crores at a pittance of its value for bank auction

In a stunning revelation that exposes the underbelly of a bank auction process, the Karnataka High Court has found that a registered but “unqualified” valuer had valued a sprawling 39-acre coffee and cardamom plantation in Kodagu district — worth over ₹3.12 crore way back in 2014 — at a paltry sum of ₹61 lakh in 2024, resulting in its sale in an auction by the bank for a mere ₹99 lakh.

Raccontata dathehindu.com