Vijay Textiles Declared NPA, E-Auction Of Immovable Property
The consortium of banks viz State Bank of India and Axis Bank have declared Hyderabad-based Vijay Textiles a non-performing asset (NPA). State Bank of India has published e-auction sale notice for sale of immovable properties of the company and the promoters. The e-auction is scheduled for March 30, 2024. The reserve price of the immovable assets is Rs 84.17 crore.
This includes plant and machinery located in Rajapur Factory Unit, factory land and building in Mahbubnagar district, and its shops located in Secunderabad, aggregating 22528.25 sqft.
Launched on 2nd February 1990 as a trading business, the company soon transformed into a full-scale manufacturing unit in 1993, offering a range of home textiles.
Vijay Textiles Declared NPA, E-Auction Of Immovable Property On March 30
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