Thursday, March 28, 2024

Tough action against loan defaulters soon in Punjab

Date:

Chandigarh, May 10: Punjab Co-operation Department has swung into action mode after orders by the Minister in-charge Sukhjinder Singh Randhawa to recover loan amounts from the big landlords who owe huge amounts to the co-operative and agricultural development banks.

A notice has been issued to the “big-time” defaulter and senior SAD leader Dyal Singh Kolianwali and his family to deposit the loan amount, while the family of BJP’s senior leader Jagdish Raj Sahni has deposited Rs 20.90 lakh which is 25 percent of the total loan amount.

In the follow up to the Co-operation Minister’s orders, the Assistant Registrar of the Co-operative Societies Malout has issued a notice to Kolianwali for depositing the total amount of Rs 39,00,678 including principal amount and interest.

Similarly, notices have also been issued to wife of Dyal Singh Kolianwali, Amarjit Kaur, for depositing Rs 35,57,021 including principal amount and interest, while Kolianwali’s son Parminder Singh has also been issued a notice instructing him to deposit the amount totaling Rs 4,62,717 which includes principal amount and interest.

They all have been asked to deposit the amount till May 23 failing which their arrest warrants would be issued, said the spokesperson, adding that Kolianwali and his family refused to receive the notice which was then pasted on their house gate in the presence of the village chowkidaar.

Spokesperson said that after the directions by the Co-operation Minister regarding recovery, the family of former MLA Jagdish Raj Sahni, who owes loan amount to the Gurdaspur Central Co-operative Bank, has deposited Rs 20,90,800 which is 25 percent of the loan amount. The loan from the bank was availed by the Sahni’s daughter Ambika Khanna.

Source Daily Pioneer

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