Mohammad Basheer, MP, following non-repayment of a bank loan of over ₹200 crore. However, Mr. Feroze and others have sought time to repay the loans. The loan was to procure iron scrap through auction from government-owned Kudremukh Iron Ore Company Limited. The action was initiated now based on a petition filed by the banks in 2017 when the repayment was defaulted. Meanwhile, the CJM court has directed the advocate commission to take immediate action as the case is pending.

Source: The Hindu October 09, 2021 15:22 UTC