YES Bank Limited (NSEI:YESBANK) announced that it will auction properties of Thapar Group's Avantha Holdings Limited and Oscar Investments Limited (BSE:501179) of the Singh brothers, and some other individuals later in July 2020. The move will enable YES Bank to recover dues of over INR 10 Billion . The sale of immovable assets will be done through e-auction on various dates in July, 2020, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

YES Bank took constructive possession of the property mortgaged to it, on 10 Feb. 2020, by selling which it looks to recover INR 5.4830 Billion. Interested parties can inspect the properties from 10-23 July 2020.