In varied notices on its web site, State Financial institution of India (SBI) has put up a complete of 12 dangerous property on the market throughout this month to April 13.
NPA account Topworth Urja & Metals Ltd, with a mortgage excellent of Rs 396.74 crore is to be bought in an e-auction to be held on March 29, 2022. With reserve value mounted at Rs 85 crore, SBI mentioned the NPA account can be bought on a money/cash-cum-SR ratio of fifty:50.
“Bid with highest money part shall be thought of as profitable bid,” it mentioned in a discover.
One other account, Balasore Alloys with dues of Rs 186.10 crore (reserve value Rs 178.22 crore) can even be e-auctioned on March 29.
“In case the bid is increased than the entire dues as on date of task, plus excellent non-fund primarily based services, the financial institution reserves its proper to retain such increased quantity as a premium in its books and isn’t underneath any obligation to refund to any of the events involved together with the borrower,” it added on Balasore Alloys.
On March 30, the financial institution will conduct e-auction of as many as six accounts with a complete excellent of Rs 112.05 crore.
These accounts are : Anupam Industries with excellent of Rs 46.38 crore; Clutch Auto (Rs 26.14 crore); Kingston Paptech Pvt Ltd (Rs 17.15 crore); Sambhav EXIM (Rs 11.39 crore); Vraj Cotspin Pvt Ltd (Rs 8.06 crore) and Ghantakarna Enterprise (Rs 2.93 crore).
The mortgage dues on Anupam Industries is excluding BG (financial institution assure) excellent of Rs 4.74 crore, SBI mentioned.
The nation’s largest lender will public sale the remainder of 4 NPA accounts on April 13, with complete dues of Rs 125.32 crore.
These NPA accounts are : Anamika Conductors having an excellent of Rs 102.30 crore mortgage; Madhav Cotton Ginning & Urgent Manufacturing facility (Rs 16.80 crore) ; Om Kailash Cotton (Rs 5.23 crore) and Ajanta Ellora Estates (Rs 0.99 crore).
“The ARCs/banks/NBFCs/FIs can conduct due diligence of those property with speedy impact, after submitting expressions of curiosity and executing a non-disclosure settlement with the financial institution,” SBI mentioned.
