Deep Energy Resources consolidated net profit declines 89 09% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
SBI will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism. In terms of the bank s policy on sale of financial assets, in line with the regulatory guidelines, we place these accounts for sale to ARCs/banks/NBFCs /FIs, on the terms and conditions indicated there against, SBI said in sale notifications. The total outstanding against these companies is Rs 506.22 crore. Aarya Industrial Products Pvt Ltd has dues of Rs 72.24 crore and the e-auction of the account is slated to take place on March 16. State Bank of India said Aarya Industrial Products has filed a suit against it in January 2016 before Civil Court, Alipore, Kolkata for claiming recovery damages of Rs 226 crore.
Read more about Sandhar Technologies announces incorporation of step down subsidiary in Romania on Business Standard. The incorporation of Sandhar Technologies RO SRL has been registered on the 04 March 2021 and accordingly it has become a step down wholly owned subsidiary of the Company effective from the 04 March, 2021.