Yes Bank captures Anil Ambani Group's Santacruz-based headquarters without paying Rs 2,892 crore debt

-

Mumbai, Thursday 30 July 2020

Yes Bank has taken over the Santa Cruz-based headquarters of the Anil Ambani Group due to non-payment of arrears of Rs 2,892 crore. The bank has also seized two flats in south Mumbai for non-payment of dues by Reliance Infrastructure, according to a notice issued by Yes Bank in a newspaper on Wednesday.

Almost all the companies of Anil Dhirubhai Ambani Group (ADAG) operate from the Reliance Center at the Santa Cruz office. However, the economic condition of group companies has deteriorated significantly over the last few years. Some companies have gone bankrupt.

While some companies have had to sell their stakes. Yes Bank said it had issued a notice to Reliance Infrastructure on May 6 to pay arrears of Rs 2,892.44 crore.

Despite a 60-day notice, the group was unable to pay the outstanding amount. He then took possession of all three properties on 22 July.

The bank has warned the general public not to make any transactions regarding these properties. The ADAG group intended to lease the headquarters last year to raise resources to pay off debt.

Its headquarters are spread over 21,432 square meters. The other two properties are in Nagin Mahal in South Mumbai. The two flats are 1,717 square feet and 4,936 square feet, respectively.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more