NewsX (India)

NPA files on NewsX: Jai Shree Krishna steel works owes State Bank of India 53 crore rupees

Today is day 20 of the NewsX 100 day NPA campaign. We bring to you case number 16. A company that started in 2009, took loans from a number of banks and within a few years after they began operations, the company allegedly got embroiled in financial troubles with banks seizing and auctioning their properties but the amount they owe was not even close to the base price set by the bank for the said properties and this is just one loan with one bank. Over the course of the next half an hour, we will break down what happened, who’s involved and what we know so far.

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