Indian Bank to auction Zenith properties

Will auction Goa, Thane properties to recover loan amount

Public sector bank Indian Bank is selling properties of Zenith Computers as the latter has defaulted on its loans.

Zenith owes Rs 49.21 crore to the bank.

The properties have a total reserve price of Rs 20 crore. The bank is auctioning properties on May 21.

The properties which are put on the block are located in Goa and Thane in Maharastra.