21
Feb
The State Bank of Sikkim (SBS) has seized three properties in East Sikkim after repeated attempts to recover unpaid loans. One of the seized properties, located near Tadong outpost in Gangtok, is linked to Sushila Chamling, daughter of former Chief Minister Pawan Kumar Chamling. She defaulted on a loan of Rs 2.3 crore. Another seized asset is Hotel Lhasa at Metro Point, Gangtok, whose owners failed to repay a Rs 6 crore loan despite repeated reminders. The third property, owned by Palden Bhutia in Sangtong Block, Ranka, involves a loan default of Rs 2 crore.SBS has issued notices to the…
