Bhopal/Indore: Madhya Pradesh minister of state for tourism and culture Surendra Patwa and four of his family members have been served with a notice to be declared wilful defaulters by a nationalised bank’s branch in Indore.
In a notice published in local newspapers, Bank of Baroda’s Indore regional recovery branch stated that Patwa and two companies ‘in which he is serving in the capacity of director’ secured loans from the bank but failed to repay it on time.
Patwa and his family have been given 15 days time to reply to the bank, failing which they would be declared wilful defaulters, the notice said.
His wife Monika and brother Bharat have also been served notices. DB Post made repeated attempts to contact Patwa, but he was not available for comments.
‘Barred from selling property’
- The bank had seized the family’s property but could not recover full loan amount.
- It barred the family from selling the property till Rs34 crore dues are settled.