Bank of Maharashtra to auction assets of Videocon Group’s Unity Appliances

Bank of Maharashtra has put on sale movable and immovable properties of Videocon Group’s — Unity Appliances to recover Rs 153.77 crore loan. The outstanding dues of the Unity Appliances are over Rs 153.77 crore, plus interest, from January 5, 2018.

The electronic auction for land and machinery is slated for March 30, 2019, with a reserve price of Rs 42.34 crore for land and Rs 72.82 crore for plant and machinery.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

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