The capital markets regulator, Sebi, has scheduled an auction for July 16 to sell 19 properties of KBCL India Ltd in a bid to recover funds illegally collected from investors. This action is part of Sebi's ongoing efforts to return money to investors. The sale of assets has been initiated after KBCL India Ltd and its directors, Rakesh Kumar, Vishvnath Pratap Singh, and Shashi Kant Mishra, failed to refund the investors' money.
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