Basheer’s son gets time to repay loan
The Hindu
Revenue recovery if debt is not cleared by October 21
Steps have been initiated to attach the property of E.T. Feroze, son of Indian Union Muslim League (IUML) leader E.T. Mohammad Basheer, MP, following non-repayment of a bank loan of over ₹200 crore.
The action was initiated on the basis of a petition moved by the Canara Bank and Punjab National Bank in the Kozhikode Chief Judicial Magistrate’s (CJM) Court saying that Mr. Feroze had failed to repay the loan for Annam Steels Pvt. Ltd. in Chennai. He is the managing director of the company.
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