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The loans embody exposures to actual property agency Ashvi Builders, LMJ Worldwide and ACCIL Company. The lender expects it might be capable to recuperate not less than 1 / 4 of the worth. bidders have till December 14 to submit the expressions of curiosity. The financial institution will conduct e-bidding on December 27, in accordance with the bid doc.
Mortgage account consists of ₹351 crore of Ashvi Builders, the place the reserve worth is about at ₹97 crore. Financial institution has put ₹162 crore dues of LMJ on sale the place the reserve worth is at ₹12 crore and ₹88 crore of ACCIL Company, the place the reserve worth is mounted at ₹30 crore. The financial institution has given choice to traders to submit bids on a person account. Some banks have been following an open bidding course of the place bidders are invited at above the reserve worth.
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