For the second time in six months, Indian Bank has put up assets belonging to TDP MLA Ganta Srinivasa Rao for e-auction in connection with loan evasion case.
The TDP MLA has served as director for Pratyusha Resources and Infra Private Limited and this company took a loan of Rs 141.68 crore from Indian Bank. In 2016, the bank had asked to clear the loan but the company belonging to Ganta failed to make payment. Since the payment was not made, the outstanding amount went up to Rs 220.66 crore with interest as on March 2, 2020. Now the outstanding amount stands at Rs 248.03 crore.
The latest e-auction will be held on November 25th and here are the following assets that are put up for auction.
This post was last modified on 12 November 2020 4:19 pm
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