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Assets of Holy Faith Builders to be auctioned

Dated on: Tuesday 28th March 2023

Sani Francis, the MD of Holy Faith Builders and Developers Pvt Ltd, will have his immovable properties put up for auction for the third time by revenue officials on May 12 at the conference room of the Ernakulam collectorate. There will be 13 properties up for auction, and each plot's value has also been determined. This time, an auction will be conducted plot per plot. Due to Francis' failure to pay the Rs 42 crore he owes to the owners of Holy Faith H2O, one of the four flat complexes razed at Maradu for breaking CRZ regulations, the government has already attached these assets as a result of a Supreme Court order.

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