Mumbai, June 2 -- Twenty-five rare paintings of late Indian modernist painter M F Husain, secured by NAFED as part of the proceeds of an alleged loan default case, will be auctioned on June 12 pursuant to a nod from the Bombay High Court.

The auction titled, 'M F Husain: An Artist's Vision of the XX Century', includes 25 canvases painted as part of Husain's OPCE - Our Planet Called Earth - series.

In its February 17 order, a single bench of Justice RI Chagla permitted the Sheriff of Mumbai to auction the 25 paintings, secured by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in connection with the Rs 236 crore loan dispute with industrialist Guru Swarup Srivastava's Swarup Group of Industries.

Srivastav...