India News | Maha: Case Against 2 Persons for Failing to Repay Loan Taken from Finance Company
Get latest articles and stories on India at LatestLY. Police have registered a case against two persons in Maharashtra's Thane district for allegedly failing to repay their collective loan worth Rs 35.64 lakh taken from a private finance company, an official said on Monday.
Thane, Sep 26 (PTI) Police have registered a case against two persons in Maharashtra's Thane district for allegedly failing to repay their collective loan worth Rs 35.64 lakh taken from a private finance company, an official said on Monday.
One of the accused, Sachin Vishwakarma, had taken a loan of Rs 18,39,000 for the renovation of his pharmacy shop and purchase of medicines, while the other accused, Pawankumar Shukla, had borrowed a sum of Rs 17,25,000 for his business, an official from Kolsewadi police station in Kalyan said.
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The finance company owner told the police that the two persons had taken the loans between January 2020 and November 11, 2021. When asked to repay the sum, they gave evasive replies, the official said quoting the complaint.
Based on the complaint, the Kolsewadi police registered a case against the two persons on Sunday under sections for cheating and other relevant provisions, he said, adding that no arrest has been made so far in this connection.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)