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Saravana Stores declared a fraud account by Indian Bank - The Hindu BusinessLine

Saravana Stores declared a ‘fraud’ account by Indian Bank May 05, 2021 Bank makes provision of Rs 115 crore against the account Indian Bank has declared Saravana Stores (Gold Palace), a non-performing asset account with outstanding dues of ₹230.74 crore, as “fraud” and reported it to the Reserve Bank of India, the bank informed the stock exchanges. The Chennai-headquartered Indian Bank has already made a provision of ₹115.32 crore against the account. In March, Indian Bank had issued a sale notice of two immovable properties belonging to Saravana Stores (Gold Palace) in T Nagar, a commercial hub of Chennai, to recover dues of ₹288 crore from its partners, guarantors and title holders.

Tamil naduSaravana stores gold palaceIndian bankSaravana storesGold palaceReserve bankChennai headquartered indian bankதமிழ் நாடுசரவணா கடைகள் தங்கம் அரண்மனைஇந்தியன் வங்கிசரவணா கடைகள்தங்கம் அரண்மனைஇருப்பு வங்கி

COVID-19: Chennai hotels fear losses as new restrictions kick in, migrant workers begin to leave

COVID-19: Chennai hotels fear losses as new restrictions kick in, migrant workers begin to leave Tamil Nadu Hotels Association President M Venkadasubbu told The New Indian Express that it is difficult to retain migrant workers with the new phase of restrictions announced by the state government Share Via Email | A+A A- Migrant labourers throng Central railway station due to the lockdown in Chennai on Monday (Express Photo | R Satish Babu) Express News Service CHENNAI: The new round of restrictions and the rise in the number of cases due to the second wave of the COVID-19 pandemic is forcing migrant workers to rethink on whether to continue working or return to their home states.

Tamil naduS rama prabhuR satish babuCredai nationalSaravana storesTamil nadu hotels associationNews serviceDevelopment affordable housing committeeBuilders association of indiaNadu hotels association presidentm venkadasubbuNew indian expressAffordable housing committeeதமிழ் நாடுகள் ராமா பிரபுர் சத்தீஷ் பாபுசரவணா கடைகள்

Saravana Stores outlet in Chennai shut after 39 employees in dorm test positive for COVID-19

Saravana Stores outlet in Chennai shut after 39 employees in dorm test positive for COVID-19
newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.

Tamil naduMadhar shaSaravana storesNews serviceKariappa streetCommunicable diseases hospitalதமிழ் நாடுசரவணா கடைகள்செய்தி சேவைதொடர்பு கொள்ளக்கூடியது நோய்கள் மருத்துவமனை

Indian Bank to auction two properties owned by Saravana Stores Gold Palace

Public sector lender Indian Bank has put on sale two immovable properties of Saravana Stores (Gold Palace) at T Nagar in Chennai. The bank has issued a notice of sale to recover Rs 288 crore from the jewellery represented by its partners, guarantors and title holders. While the property located on Usman Road measures 4,800 sq ft and has a reserve price of Rs 124 crore, the second property located on Ranganathan Street has a reserve price of Rs 46 crore. Both are located in T Nagar, one of the country s leading commercial hubs. In January 2020, Karur Vysya Bank said that the outstanding stood at Rs 162.8 crore.

Tamil naduY pallaku duraiPallaku duraiSaravana stores gold palaceIndian bankKarur vysya bankSaravana stores gold palace ltdSaravana storesGold palaceBusman roadRanganathan streetதமிழ் நாடுசரவணா கடைகள் தங்கம் அரண்மனைஇந்தியன் வங்கிகரூர் விச்ய வங்கிசரவணா கடைகள் தங்கம் அரண்மனை லிமிடெட்

Sale notice issued against two properties of Saravana Stores in T Nagar

With recover dues of Rs 288 crore, e-auction will be on March 17, says Indian Bank

Y pallaku duraiKarur vysya bankSaravana stores gold palaceIndian bankSaravana storesSaravana stores groupGold palaceBusman roadRanganathan streetSale noticeRt nagarகரூர் விச்ய வங்கிசரவணா கடைகள் தங்கம் அரண்மனைஇந்தியன் வங்கிசரவணா கடைகள்சரவணா கடைகள் குழு