Mysuru: A large shopping complex in Saraswathipuram, popularly known as ‘Bake Point Complex’, has been seized by a bank as the complex owner had allegedly defaulted on loans. Following this, all the stores including Mohan Bhandar Supermarket have been asked to vacate. It may be recalled that officials of Vijaya Bank, armed with an Order…
Rs. 33 crore debt recovery: Bank officials seize shopping complex in Mysuru
July 4, 2018Mysuru: In an early morning operation, the officials of Vijaya Bank, armed with an Order of the Debt Recovery Tribunal in Bengaluru, attached a commercial complex at a junction on Vishwamanava Double Road in Saraswathipuram here. M. Nagaraj, the owner of the shopping complex, which houses many shops, owed Rs. 33 crore to Vijaya Bank,…
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