Srinagar, Nov 23: The enforcement wing of Baramualla Central Cooperative Bank on Thursday seized four properties of loan defaulters in Handwara in north Kashmir’s Handwara area, officials said here.
An official informed Kashmir News Service (KNS) that the properties belong to individuals who have not paid their loans for the past fifteen years, which compelled them to take possession of their property today.
“Despite multiple visits and numerous notices issued to them, they regrettably haven’t paid the loan, leading us to take possession of the immovable property,” he added.
He further said that anyone failing to repay loans will face similar consequences.(Agencies)
