Tiruchirapalli
TNBA urges Centre to direct banks to stop auction
The Tamil Nadu Boilers Association, comprising manufacturers of boiler and boiler components, has appealed to the Union Ministries of Finance and MSME to direct banks to stop auctioning properties of MSME units under the SARFAESI Act until the pandemic comes to an end. Expressing concern over banks initiating such action against micro, small and medium enterprises, Rajappa Rajkumar, treasurer of the association, in a representation to the Ministries, observed that the MSMEs were already facing a
