one-time settlement

Chowkidar Hi Chor Hai: Part 3 – How Maharashtra Labour Minister Got Away Without Paying Back Rs 50 Crore to 2 PSBs

Abir Dasgupta / April 17, 2019

As of now, Sambhaji Patil Nilangekar is thick in the cut and thrust of an election campaign in Latur, apparently entirely unaffected by this episode. The BJP Maharashtra general secretary and Labour Minister’s company Victoria Agro Food Processing owed approximately ₹62.85 crore to two public sector banks but settled for just ₹25.5 crore, with over ₹50 crore written off.

Chowkidar Hi Chor Hai: Part 1 – A “Sweet” Deal for Nitin Gadkari

This Newsclick exclusive is Part 1 of a three-part series on how the Modi government pushed banks into repeatedly lending to cronies, adding to the bad loan mountain. A company linked to Union Minister Nitin Gadkari allegedly received loans from Bank of Maharashtra in violation of the bank’s own policies and received multiple subsequent loans to prevent the account from becoming an NPA.

Chowkidar Hi Chor Hai: Part 3 – How Maharashtra Labour Minister Got Away Without Paying Back Rs 50 Crore to 2 PSBs

Chowkidar Hi Chor Hai: Part 1 – A “Sweet” Deal for Nitin Gadkari

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