State-owned SBI, United Coffer of India and abiding basement lender IFCI are attractive for buyers to advertise as abounding as 110 accounts that accept angry dud, to antithesis ante over Rs 16,349 crore.
All the three accept arrive bids today from acceptable banks, banking institutions, asset about-face companies and non-banking banking companies to clip such non-performing assets from their corresponding antithesis sheets.
SBI affairs to advertise a absolute of 15 such NPA accounts to antithesis Rs 988.95 crore, including the country’s better aspartame architect Simbhaoli Sugars that has an outstanding of Rs 158.57 crore to the bank.
SBI has asked the bidders to abide announcement of absorption by March 9, 2018 and added to complete the due activity by March 22.
Delhi-based IFCI Ltd has bidding absorption to advertise a absolute of 23 NPA accounts for accretion of Rs 13,667.50 crore and while Kolkata-headquartered United Coffer of India has put up for auction 72 bad assets with accumulated ante of Rs 1,692.78 crore.
SBI invites announcement of absorption from banks/asset about-face companies/NBFCs/FIs for the proposed auction of 15 non-performing assets (NPAs) with arch outstanding of Rs 988.95 crore.
Among added NPA accounts for whom SBI is aloof for buyers accommodate Aksha Gold Ornaments, KBJ Jewels Industry India and KBJ Hotel Varanasi with a accumulated outstanding of Rs 164.30 crore. Shri Jalaram Rice Industries owes Rs 127.05 crore, while MCL Global Steel has accommodation outstanding accommodation of Rs 100.18 crore which the coffer has bootless to recover.
Eight companies based in Gujarat availed loans in the ambit of Rs 5.90-63.39 crore from SBI that accept become NPA on the bank's antithesis sheet.
Continental Float Glass with ante of Rs 5,730.51 crore, Synthetics & Chemicals Ltd Rs 2,004.34 crore, Sanghi Polyesters Rs 1,964.38 crore, Kumar's Metallurgical Corpn Rs 1,339 crore, Electrex India Rs 670.15 crore are amid the above NPA borrowers, whose annual IFCI has put up for sale, showed the bid document.
Among others, Bakeman's Industries
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