The Corporation Bank is scheduled to auction an Information Technology (IT) office of Amrapali Group that has failed to pay up Rs 9.10 crore that it took as a loan. Amrapali Group took a loan of Rs 9.10 crore from the Corporation Bank for the property built on a 14,000 square feet plot. However, the group failed to clear the dues. We want to recover our Rs 9.10 crore,” said Ashok Chandra, zonal manager, Corporation Bank. And now if the Corporation Bank auctions it for Rs 9.10 crore, it is a good deal for us,” said Shiv Priya, director Amrapali Group.

Source: Hindustan Times August 07, 2017 16:18 UTC