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Sunday, October 16, 2011

KFC to Introduce e-Auction for Revenue Recovery @

Trivandrum, October 16, 2011: Kerala Financial Corporation resolves to introduce e-Auction to avoid problems in the regular auction of the revenue recovery property.

KFC decided to take the innovative step after receiving complaints about the Goons and Gundaism which is used by the owners of the revenue recovered property.

When KFC calls auction tender of a revenue recovered property, the owner sends Goons to frighten the person who is willing to buy and the owner of the recovered property will quote a lesser amount to buy it.

According to the new setup, the complete details of the property in which KFC decides to recover will directly comes to KFC's website i.e. Anyone from the the nook and corner of this world can attend the e-auction procedure.

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