Nashik : The cases of not repaying the loan on time have increased by taking loans from District Cooperative Banks to buy vehicles and tractors. The District Bank has taken the decision to auction the seized 113 tractors in these cases. These tractors will be auctioned in phases from February 4, 2022. An appeal has been made on behalf of the bank that the defaulters should avoid this auction by returning the money.
The financial condition of Nashik District Cooperative Bank is very bad. The bank has to recover Rs 2,000 crore. Out of this, only Rs 1 thousand 452 crore is old arrears. To recover these dues, strict steps are being taken by the bank. As a part of this, those who had taken loans from banks to buy vehicles and tractors and have not returned the money on time. The number of such defaulters is quite high. Due to this, the bank has seized a total of 238 vehicles and tractors in the district. Out of these, the District Bank Administrator has decided to auction 113 tractors. These 113 tractors will be auctioned in phases in the district from February 4. The administrator has appealed to the defaulters of the district to cooperate with the bank by depositing their dues at the earliest to avoid such auction proceedings.
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Big defaulters of the district on the radar
At present, in order to recover more and more defaulters and to make available the deposit and savings of the account holders of the bank, the bank administrator has given strict orders for recovery. The purpose of recovery is to recover loans from big and influential defaulters. For recovery of loans from them, action will be taken as per Section 156 of Maharashtra Co-operative Societies Act 1960 and Rule 101 of Maharashtra Co-operative Societies Rules 1961. For this, a list of big and influential people has been prepared before 2016.