The Troubled Cooperative Management Committee today announced the names of major defaulters from 10 troubled cooperatives. The committee has instructed these borrowers to urgently contact the office to clear their loans, warning that if they fail to do so, recovery actions will be initiated according to the law. The committee also stated that the names of major defaulters from other troubled cooperatives will be released in due course, urging all borrowers to repay their outstanding loans. Kathmandu, 23 Baishakh.
The committee has begun publicly disclosing the names of significant borrowers from troubled cooperatives. According to the committee, names from 10 cooperatives declared troubled have been released today. More names from other troubled cooperatives will be disclosed in stages, the committee added.
In a formal notice, the committee urged the related borrowers to get in touch with the committee’s office immediately to settle their dues. Failure to comply will result in legal recovery proceedings. Additionally, as more names of defaulters will be published in sequence, those borrowers are also requested to promptly contact the office and clear their loans.
Today, the committee released the names of major borrowers from the following cooperatives: Ghedung Multipurpose Cooperative, Hamro Sagarmatha Multipurpose Cooperative, Tapai Hamro Multipurpose Cooperative, Nagrik Kalyan Multipurpose Cooperative, Ideal Yamuna Multipurpose Cooperative, Tulsi Multipurpose Cooperative, Nepal Financial Cooperative, Oriental Cooperative, Gautam Shri Cooperative, and Nepal Cooperative Financial.
