Online edition of India's National Newspaper
Friday, Aug 12, 2005
Online edition of India's National Newspaper Friday, Aug 12, 2005 |
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Coimbatore
Staff Reporter
COIMBATORE: State Bank of India has lodged a complaint with the police here against one of its borrowers, RSL Industries Limited. A release said State Bank of India, Commercial Branch, Coimbatore, had sanctioned loans to the tune of Rs. 41.55 crores to the company for its operations . Since the company has defaulted on payment, the bank has initiated legal action to recover the dues. However, recently the bank noticed that the company and its directors had removed the machinery of the textile unit.
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