Mumbai: Yes Bank has taken possession of the headquarter of Anil Ambani’s group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore.
The bank has also taken over two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank.
Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the Santacruz office called ‘Reliance Centre’.
Yes Bank said it had sought to recover dues of Rs 2,892.44 crore from Reliance Infrastructure on May 6 and took possession of the three properties on 22 July after a failure to repay even after 60 days of the notice.
It cautioned the general public not to deal with the properties, adding that any dealing with the properties will be subject to a charge of Yes Bank for an amount of Rs 2,892 crore.