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Central Bank of India has announced an e-auction for the sale of secured immovable properties, including a livestock facility and machinery, located in Karnal.

Sueryaa Knitwear Ltd540318 · Filed with the exchange

This action is part of the bank's debt recovery efforts against M/s Shanti Agro Goods Pvt. Ltd. and its guarantors, who owe approximately ₹41.89 crore.

The bank aims to recover these dues by selling the assets, which have a reserve price of ₹2.60 crore.

This move helps the bank clean up its balance sheet by converting a non-performing asset into liquid funds.

Read the original filing(PDF)

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