INSUBCONTINENT EXCLUSIVE:
The final bidding date of the assets is March 20.Taking a cue from the SBI, the Central Bank of India on Saturday put four big accounts of
NPA (Non-performing assets) worth Rs 3,300 crore on sale through the SARFAESI Act, though some of the assets are currently under the NCLT
resolution process.The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power Steel (Rs 1,550.07 crore)
15,431-crore exposure to the stressed assets of Essar Steel on the block
assets in line with the regulatory guidelines, we place these accounts for sale to Banks/ARCs/NBFCs/ FIs on the terms and conditions
Enforcement of Securities Interest Act (SARFAESI), 2002, on without recourse basis based on an existing offer of firm bid from an investor,
