Just two days after State Bank of India's (SBI) attempt to recover some of the loan given to beleaguered businessmen Vijay Mallya by auctioning the Kingfisher House failed miserably, the bank has put up another defaulter's property up for grabs. An auction will be held on April 26.
<img title="Menka CHSL where the Puris own two flats. Pic/Datta Kumbhar" src="http://images.mid-day.com/images/2016/mar/Menka-CHSL.jpg" alt="Menka CHSL where the Puris own two flats. Pic/Datta Kumbhar" /> Menka CHSL where the Puris own two flats. Pic/Datta Kumbhar
The bank issued a notice of auction yesterday for two housing units in Chembur, belonging to defaulters owing Rs 1,329.96 crore to a consortium of 12 banks &mdash; headed by the SBI. The flats belong to Kapil and Kavita Puri, guarantors for Spanco Ltd. Located in Menka CHSL on Ghatla road near Diamond Garden, flat no 602 and 604 &mdash; collectively admeasuring 1,215 square feet &mdash; will be auctioned at a reserve price of Rs 2.19 crore.
The flats were taken into possession by the consortium on May 22, 2014.
When contacted, SBI officer Nandkishore Deshpande said, "We are auctioning all the properties belonging to loan defaulters. There are other properties that belong to them and those will be auctioned later. Steps are being taken as per the protocol."
Upon inquiring about the Puris, one of the security guards deployed at the Menka CHSL said, "The flats have been locked for nearly eight years now. No one has visited them in these years. Even the maintenance is due." While a mail to Spanco's official id, requesting a comment, went unanswered, calls to the available numbers revealed they were out of service.

After a failed bid to sell Kingfisher House, the bank is now e-auctioning another defaulter's property on April 26

Mumbai: SBI to auction another defaulter's property

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After a failed bid to sell Kingfisher House, the bank is now e-auctioning another defaulter's property on April 26

Mumbai: SBI to auction another defaulter's property

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Mumbai: SBI to auction another defaulter's property

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