Yes Bank to sell property of E Commerce Magnum Solution for recovery of Rs 345 crore

In an e-auction sale notice, Yes Bank said it took physical possession of the immovable properties mortgaged to it on August 29, 2020 pursuant to a demand notice issued to the borrower and mortgagor in January 2020. The e-auction will take place under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-to-sell-property-of-e-commerce-magnum-solution-for-recovery-of-rs-345-crore/articleshow/82633103.cms