Co-Op Banks & #8217; Properties On Sale Under Seizure Law

The Ahmedabad District Co-operative Bank, armed with the provisions of the Securitisation Act, will auction properties confiscated by it from four other urban co-operative banks on June 18.

These banks have gone bust in the last five years. Properties in prime locations of Ahmedabad, worth at least Rs 20 crore and confiscated over the last two months, will be auctioned by the district