NBW against Sujana

April 08, 2016 12:00 am | Updated 05:46 am IST - HYDERABAD

: A local court here on Thursday issued non-bailable warrant (NBW) against Union Minister of State for Science and Technology Y.S. Chowdary for defaulting on loan repayment to a Mauritius-based bank. The 12th Additional Chief Metropolitan Magistrate Court of Nampally Criminal Court Complex had issued the NBW following representation of the bank’s counsel that Mr. Chowdary failed to appear before the court despite summons issued earlier. The bank approached the court leading to registration of a case in January 2016 against Mr. Chowdary and two others for defaulting on repayment of loan to the tune of nearly Rs. 106 crore. “Summons were issued to the Union Minister to appear before the court on February 20, March 5, March 22, April 1, and today (April 7). But he didn’t turn up at the court,” the bank’s lawyer, Sanjeev Kumar said. He claimed that the Minister’s counsel represented to the court that Mr. Chowdary couldn’t come to the court on Thursday as he had ‘Cabinet Meeting’.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.