J&K Bank seizes private hospital after failing to repay outstanding loan in Kathua

Filed under: State Scan,Today in News |

Agencies

Srinagar :  A team of J&K Bank on Thursday seized a private hospital after it failed to repay back an outstanding loan amount.

The team assisted by police and officials from administration , on Wednesday afternoon, sealed one Aastha Nursing Home at Kathua, a news agency reported.

Bank officials said that an amount of Rs 1.37 crore was outstanding from hospital side and despite giving reminders and warnings, it was not returned.

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