Sat Apr 26 01:10:00 UTC 2025: ## LIC to Auction YSRCP Leader Butta Renuka’s Assets Over ₹340 Crore Loan Default
**Hyderabad, [Date]:** LIC Housing Finance Limited (LIC HFL) is set to auction the assets of YSR Congress Party (YSRCP) leader Butta Renuka to recover a defaulted loan of ₹340 crore. The auction, following unsuccessful previous attempts, will include properties belonging to Butta Infrastructure Private Limited and other companies associated with Renuka. These assets reportedly comprise schools, convention centers, hotels, and car dealerships.
Renuka, who allegedly defaulted on EMIs, had mortgaged these properties, including a prominent convention center in Madhapur, to secure the loan. Reports suggest attempts to dissuade potential bidders through intimidation tactics, creating concerns about interference in the auction process. LIC HFL remains committed to recovering the outstanding amount, intensifying its efforts to ensure a successful auction this time. While Renuka reportedly attempted to settle the matter through partial payment and prevent the auction, LIC HFL is determined to proceed with the sale.
First Piper 