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Business News: Chennai: In one of the largest sale of bad loans, state-owned Indian Overseas Bank has announced the sale of 92 NPA loans with a collective value of R.
Indian Overseas Bank announces the sale of 92 NPA loans worth Rs 13,471 crore, including accounts like Videocon, Lanco, IL&FS Financial Services, Jet Airways, and Reliance Communications. Expressions of interest are called from asset reconstruction companies for the auction of these NPAs.
Dwarikesh Sugar, a leading sugar manufacturing company based in Uttar Pradesh, clinched the winning bid.
The Ludhiana civic body has failed to hold a fresh auction for the city's parking sites despite their one-year agreement ending three months ago. Read more about it here.
The last date of the registration for the Noida Authority's commercial plot scheme is March 7 and these plots will be allotted though e-auction. The cumulative reserve price of these 25 plots is around Rs 105.5 crore. The reserve prices of these plots individually range between Rs 49.11 lakh and Rs 6.60 crore.