will next month auction properties of Essel group of workers corporate and SKIL Infra to get better dues of Rs 1,368.16 crore.

The private monetary establishment on July 8 will auction properties owned by way of in Mumbai. It has moreover put underneath the hammer properties owned by way of each and every different group of workers corporate Rama Associates. It selling properties to get better dues of Rs 556.53 crore, in keeping with public notice by way of

The monetary establishment took symbolic possession of their properties on January 8 and 10, 2020, the eye said.

The sale of immovable property is underneath the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002.

“The e-auction will take place on July 8, 2020, for recovery of Rs 556,52,30,349.63 as on November 6, 2019, together with further interest, costs, charges and expenses thereon with effect from November 7, 2019, due to the secured creditor from Ltd (borrower or mortgagor 1) and Rama Associates Ltd (mortgagor 2),” in keeping with the general public sale notice.

The properties include 8 business devices of carpet area 19159.94 squareft together with 44 automotive parking zone at Kohinoor City Mall, Kirol Road, Kurla, Mumbai owned by way of Essel Infraprojects.

A property located at Lawrence Road, New Delhi owned by way of Rama Associates Limited has moreover been put underneath the hammer.

In a separate notice, said on July 8 it will advertise land parcels owned by way of SKIL Infrastructure Ltd in Dighode village situated in Raigad district of Maharashtra for recovery of Rs 390.92 crore.

Yes Bank (secured creditor) said it has taken the physically possession of “All those pieces and parcels of non- agricultural lands or grounds, situated, lying and being at Village Dighode, Taluka Uran, District Raigad….” on September 27, 2019, pursuant to the decision for notice issued to the borrower(s) and mortgagor underneath SARFAESI Act, 2002 dated May 24, 2019.”

The properties it will be purchased by means of e-auction for recovery of Rs 390.92 as on May 23, 2019, along with further hobby, costs, charges and expenses thereon with have an effect on from May 24, 2019 as a result of the monetary establishment from SKIL Infrastructure Limited (borrower and mortgagor).

The third auction with regards to recovery of Rs 420.71 crore from SKIL Infrastructure is slated for July 15 available on the market of “All those pieces and parcels of non-agricultural lands or grounds, situated, lying and being at Village Chanje, Taluka Uran, District Raigad, owned by Karanja Infrastructure,” as in keeping with the report, Yes Bank report be informed.

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