BankingJul 24, 2026
IDBI — IDBI Bank to auction 61 acres of land to recover ₹1,060 crore from Videocon Industries
NeutralBanking
IDBI Bank has issued a sale notice for an e-auction of 61.20 acres of land in Madhya Pradesh to recover dues amounting to ₹1,059.78 crore from Videocon Industries Limited. The auction for the properties, held by mortgagor Prosperous Energy Private Ltd., is scheduled for August 11, 2026, with a combined reserve price of ₹2.98 crore.
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