TS, PSU banks at loggerheads over government lands of loan defaulters
Updated Apr 5, 2021, 7:09 am IST
Banks argue that the government had permitted mortgage of the property and hence cannot reclaim the land or the assets built on them
The latest Trident scam, in which CBI booked the developers of the hotel project near Hitec City on charges of a Rs 1,285 crore bank fraud, will only add to the ongoing tussle between the state government and the banks. -By arrangement
Hyderabad: The Telangana state government and several public sector banks are at loggerheads over mortgaged government lands and assets developed on them by loan defaulters, which is collectively worth thousands of crores.