The Supreme Court of Seychelles began auctioning Vijay Construction’s cars on the Palais de Justice’s backyard on Thursday morning.

The proceeds of the public sale will likely be used to repay a part of the corporate’s debt of €33 million owed to the Russian corporate Eastern European Engineering Limited (EEEL).

The public sale comes not up to 3 months after the Seychelles Court of Appeal disregarded the attraction through Vijay Construction and upheld the Supreme Court ruling which ordered Vijay to pay the price of the litigation to Eastern European Engineering Limited (EEEL).

Vijay had appealed the verdict of the Supreme Court passed down through Justice Ellen Carolus, who dominated on June 30, 2020, for Vijay to pay EEEL consistent with a UK courtroom order from 2015.

A complete of 41 cars had been auctioned with the beginning bids starting from SCR60,000 ($4,682) to SCR850,000 ($66,325). The cars had been to be had for public viewing as of 8.30 am ahead of the bidding started at 10 a.m.

The seized cars had been pick-up vehicles, vehicles or even two luxurious cars – a Lexus and a Mercedes Benz.

All the cars had been bought excluding the Mercedes Benz and a JCB excavator.

The bidding procedure for the two cars will proceed the next day morning.

Vijay Construction, which is among the biggest firms in Seychelles, is endeavor a number of building tasks in this day and age.

Founded in Seychelles in 1979 through V.J. Patel, Vijay Construction has constructed and commissioned a number of massive trends together with the Eden Island challenge – at the east coast of the primary island of Mahe.