India, Feb. 10 -- The Brihanmumbai Municipal Corporation (BMC) has issued property attachment notices to major property tax defaulters, who have failed to clear dues despite having the financial capacity to pay. Acting under Section 203 of the Mumbai Municipal Corporation Act, the civic body has warned that failure to pay within the stipulated period will invite legal action, including seizure and auction of movable assets and, if necessary, auction of the property itself under Sections 204, 205 and 206.

Among the top 20 defaulters are Raghuvanshi Mills Ltd with dues of Rs.140.61 crore, Rajhans Associates with Rs.47.02 crore, Ashapura Developers with Rs.44.87 crore, Sumer Builtcorp Pvt Ltd with Rs.39.30 crore, and Samir N Bhojwani with R...