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Syndicate Bank to auction GVKs land bank to recover dues

Syndicate Bank to auction GVKs land bank to recover dues

Friday, March 10, 2017, 5:30 PM

Public sector lender Syndicate Bank has put up land bank owned by GVK Group in GVK Perambalur SEZ Pvt Ltd in Tamil Nadu for sale as part of the recovery of its outstanding loan of Rs 175 crore. According to a public notice issued by the bank, the Reserve Price of the property that is spread across the 2,500 acres, is over Rs 257 crore.
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