Financial Daily from THE HINDU group of publications
Friday, Dec 20, 2002
Financial Daily from THE HINDU group of publications Friday, Dec 20, 2002 |
|
|
|
|
|
Money & Banking
-
Non-Performing Assets Model Steels assets seized Our Bureau
VIJAYAWADA: Andhra Bank has taken possession of Model Steels Private Ltd at Nidamanuru village near here "in exercise of powers conferred under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, as the company has failed to repay dues of Rs 2.76 crore within 60 days from the date of notice,'' according to a release issued here by the Chief Manager of the bank, Mr S.D. Jayaram. The bank has seized and taken possession of the assets and it will shortly be inviting bids from interested parties for purchasing them, the note adds.
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|