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SBICAP-IFCI Spar Over Asset Sale


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October 8: In another ugly sparring over sale of assets to recover dues, SBICAP Trustee Company has accused IFCI for under-reporting the value of assets pledged with it. Both the institutions are looking to recover close to Rs.300 crore from the sale of Park Hyatt Hotel in Goa. Watch this segment for exclusive details on the battle between the two government financing institutions over the valuations of a property that is currently under the hammer.