LUDHIANA DISTRICT ADMINISTRATION GIVES GO AHEAD TO BANKS TO TAKE ACTION AGAINST THEIR DEFAULTERS

            Zonal Manager Mr Virinderjit Singh Virk, Lead District Manager Mr Anoop Singh Chawla and Manager Lead Bank Mr Paramjit Singh informed that this is after a long gap that the banks have been given a go ahead to take action against their defaulters. They said that it has been possible only due to the personal efforts of ADC Dr Rishipal Singh. They also thanked all Zonal Managers of different Banks for coordination and cooperation to the District Administration.

            The ADC informed that some of the defaulters of Banks include- State Bank of Patiala is to recover Rs 184 crore from Saber Paper, Bank of India to recover Rs 32.11 crore from Modern Motor, Canara Bank is to recover Rs 1.64 crore from Seiko Machine (India), Bank of Baroda to recover Rs 7.81 crore from Manish Traders, Canara Bank to recover Rs 5.47 crore from Surya Industries, Canara Bank to recover Rs 11.94 crore from Kartik International, SBI to recover Rs 20.83 crore from Neelkanth Concast Steels Pvt Ltd, ICICI Bank to recover Rs 1.24 crore from Sarish Mittal, Syndicate Bank to recover Rs 5.16 crore from Khalsa Imports, Bank of Baroda to recover Rs 1.62 crore from Kuber Global Resources Pvt Ltd, Bank of Baroda to recover Rs 4.72 crore from Nivia N Nivia, State Bank of Patiala to recover Rs 1.30 crore from MR Hosiery and Rs 1.06 crore from Tejinder Industries, PNB to recover Rs 6.12 crore from Suju Forge, State Bank of India to recover Rs 3.83 crore from Ranks Apparels, Rs 6.10 crore from Khanna Knitwears, Rs 43.47 crore from Jain Udhey Fabric Pvt Ltd, UCO Bank to recover Rs 1.85 crore from King Forge, SBI to recover Rs 5.20 crore from PL Forging Pvt Ltd, OBC to recover Rs 4.45 crore from Jolly Creations, SBI to recover Rs 24.91 crore from Jain Udhey International and Rs 18.82 crore from Jain Udhey Apparels, India Infoline Housing Finance Ltd to recover Rs 4.14 crore from Anshul Goyal, Allahabad Bank to recover Rs 5.81 crore from Divin Impex, State Bank of Patiala to recover Rs 9.93 crore from Shri Durga Rice Mill, Bank of Baroda to recover Rs 3.48 crore from Durga Impex, Phonex ARC Pvt Ltd to recover Rs 19.04 crore from Jindal Medicot, PNB to recover Rs 5.05 crore from Manav Tool, Allahabad Bank to recover Rs 17.35 crore from Sigma Cotton Pvt Ltd and Rs 15.46 crore from Khanna Exim, Bank of Baroda to recover Rs 3.20 crore from Nim Industrial Corp and Rs 19.43 crore from SewaKunj Alloys, Bank of India to recover Rs 39.44 crore from Shanti Sales, Punjab and Sind Bank to recover Rs 7.67 crore from Femina Knit Fab, Rs 17.87 crore from Femina Knit Fab, Vijay Miglani, Axis Bank to recover Rs 3.45 crore from Raghav Industries, Central Bank of India to recover Rs 1.08 crore from Pahwa Steel, Bank of Baroda to recover Rs 4.42 crore from Dhanee International, SBI to recover Rs 7.95 crore from Goldlife Engg, Allahabad Bank to recover Rs 1.41 crore from Sanjiv Sales, SBI to recover Rs 8.72 crore from Bhupinder Alloy Ltd, Federal Bank to recover Rs 2.82 crore from G Tech Engg, UCO Bank to recover Rs 1.85 crore from King Forge, State Bank of Patiala to recover Rs 2.04 crore from SK Sheera Supply, Dewan Housing to recover Rs 2.21 crore from Darpan Jain, Bank of Maharashtra to recover Rs 1.30 crore Suraj Industries, Tata Capital Housing Finance to recover Rs 1.87 crore from Vishal Bansal.