MPs Rajabhau Waje, Bhaskar Bhagre and Shobha Bachhav reviewed the performance of govt schemes during Disha Committee meeting
The factory owes nearly Rs 135 crore, including principal and interest, to the NDCC Bank, according to the committee. Power supply to the unit has reportedly remained disconnected for the past six months due to unpaid electricity bills of around Rs 15 lakh. The meeting was attended by a Factory Action Committee delegation led by Nashik MP Rajabhau Waje and Dindori MP Bhaskar Bhagare. Discussions centred on pending dues, the factory’s financial health, worker wages and liabilities owed to the Nashik District Central Cooperative (NDCC) Bank. With the lessee absent, however, stakeholders could not arrive at a final resolution. The committee also highlighted the deteriorating condition of the factory. Members warned that the prolonged shutdown has heightened the risk of theft of machinery, iron scrap and other factory assets. The bank has already initiated recovery proceedings under the SARFAESI Act. The delegation further alleged that the company running the factory on lease sold sugar, molasses, bagasse and ash produced by the mill but failed to clear payments owed to farmers and employees. The NDCC Bank has consequently issued a legal notice seeking termination of the lease agreement for alleged breach of contract conditions. You Can Also Check: Gold Rate in Nashik | Silver Rate in Nashik | Bank Holidays in Nashik | Public Holidays in Nashik | Petrol Price in Nashik | Diesel Price in Nashik | CNG Price in Nashik | LPG Price in Nashik
Nashik : A high-level meeting convened by district collector Ayush Prasad on Tuesday to resolve the deepening crisis at the Nashik Sahakari Sakhar Karkhana ended without a breakthrough after representatives of the private firm operating the factory on lease failed to attend.