Brief: Binani Industries' unit appoints advocate commissioner to take possession of mortgaged properties

BIL Vyapar

20/12/2016 10:32

Dec 20 (Reuters) - Binani Industries Ltd  BINZ.NS  
    * Says unit appointed advocate commissioner to take 
possession of properties mortgaged in favour of banks 
    * Says possession to be taken on or after Dec 26, 2016 
    * Says co looking into the matter; will take suitable legal 
remedies 
    * Says have been advised the action is illegal 
 
Source text: http://bit.ly/2h5t8pw 
Further company coverage:  BINZ.NS  
 
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