Dhaka, March 23 -- Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans.

The Islami Bank published the auction notice for the sale of the company's assets in a national daily on Sunday (March 23).

According to the notice, Islami Bank's total debt to the company, including interest and principal, is Tk 2,738 crore as of March 20, 2025. To recover this money, Islami Bank will sell Infinity CR Strips Industries' mortgaged 201.75 acres of land, including buildings and installations. The lands are located in Chattogram.

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The notice asks interested buyers to bid (offer prices) by April 27....