IDBI Bank to sell Great Indian Tamasha Company's assets to recover dues

IDBI Bank to sell Great Indian Tamasha Company's assets to recover dues

• By Staff Writer

IDBI Bank has put properties of the Great Indian Tamasha Company (GITC) on sale for non-payment of dues on loans it took from three banks. The immovable properties, which will be sold through e-auction next month, are located in Karnataka's Kodagu. GITC owes ₹86.48 crores to IDBI Bank, ₹6.26 crores to HDFC Bank, and ₹49.23 crores to the Bank of Baroda.