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Home / Jalandhar / Loan Default Leads To Fir Against Five

Loan default leads to FIR against five

A loan default has resulted in legal action against five individuals. They had failed to repay a loan taken from Citizen Urban Cooperative Bank Ltd, Kishanpura branch. Rajkumari and her son Vikas had borrowed money but were unable to repay...
Tribune News Service
Jalandhar, Updated At : 09:47 AM Sep 09, 2024 IST
Photo for representational purpose only. iStock
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A loan default has resulted in legal action against five individuals. They had failed to repay a loan taken from Citizen Urban Cooperative Bank Ltd, Kishanpura branch. Rajkumari and her son Vikas had borrowed money but were unable to repay it.

As a consequence, the bank, through a court order, seized a house in Arjun Nagar, located near Durga Shakti Mandir, Lamba Pind. However, the accused obstructed the sale proceedings initiated by the bank to recover the outstanding loan.

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Following a complaint filed by the bank manager, Ramesh Prabhakar, an FIR was lodged against Rajkumari, her son Vikas, Bharat Bhushan, Rakesh Kumar, and Dharampal.

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House SeizureLegal ActionLoan Default

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