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Stage set for property auction of TDP MLA Ganta - AP24x7

Mon, Nov 18, 2019, 11:55 AM
Officials of the Indian Bank are getting ready to auction properties of former minister and TDP MLA Ganta Srinivasa Rao. The MLA took a loan of Rs 209 crore from the Indian Bank in the name of Prathyusha Resources Infra Private Limited and failed to pay monthly instalments. The bank served a demand notice to Ganta Srinivas on October 4. As the officials did not get a reply from the MLA, the Indian Bank decided to auction properties of Ganta on December 20.
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