Updated Mar 11, 2021 | 21:55 IST 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. SBI to conduct e-auctions of 12 bad accounts this month New Delhi: 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.