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Indian Bank to auction Zenith properties

Will auction Goa, Thane properties to recover loan amount

K Raghavendra Kamath  |  Mumbai 

Public sector bank is selling properties of 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.

First Published: Tue, April 15 2014. 10:20 IST