NPA files on NewsX: Rh Agro Overseas Pvt Ltd owes NPA amount of Rs 11 crore to Central Bank of India
  • 6 years ago
Today we bring to you case number 39. A story of 2 brothers who've allegedly defaulted on multiple loans from multiple firms. The directors, aware of their wrong doings had even applied for an anticipatory bail in 2016 which was dismissed by the court. This the third case where NewsX has managed to track down the director of the company. While he refused all allegations, the case reveals how banks often create a painful recovery cycle for themselves by extending loans based on good faith. Good faith turns bad and takes the loans down with them.
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