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 Top 10 loan defaulters
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Posted on 08-16-06 10:38 PM     Reply [Subscribe]
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Recent list of top 10 nepali bank loan defaulters are as below. 53 groups have 25 billion rupiya unpaid loan. Who owns these groups?
(source:kol)

Top ten defaulters Name Net amount(Rs in million)
Amatya Group (NBL/RBB) 3,621

Mangatu Ram (NBL/RBB) 1,820

Basulinga Sugar Mills (NBL/RBB) 1,026

Bir Kirat (RBB) 852

Momento Apparels (RBB) 709

Maha Laxmi Garment (RBB) 609

Sanyam Veg & Oil (NBL/RBB) 595

Mahalaxmi Sugar & Chemical (RBB)516

Rohit (NBL) 490

Mahendra Sugar (NBL) 480
 
Posted on 08-17-06 10:01 AM     Reply [Subscribe]
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Hi Bhunte

Wouldn't it be more imformative to the public if the name of the owners of these so called companies name posted? Owners are the ones who ripped the banks and other Napali taxpayers.
 
Posted on 08-17-06 12:07 PM     Reply [Subscribe]
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Thank god my dad doesnt own any of those companies....he he
 
Posted on 08-17-06 4:24 PM     Reply [Subscribe]
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म पनि सक्क्ली रिनी हरु को नाम जान्न इछुक छु! लिस्त म भएक नाम हरु छ्द्म्भेसी जस्तो देखिन्छन्, जस्तो कि मगतुरम रे। नामै मगन्तु भयेपछि तेस्ले के रिन् तिर्ल त?? सन्कास्पद् छ चालामाला।
 
Posted on 08-17-06 4:34 PM     Reply [Subscribe]
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These are all corporations or private limited.

I am not sure how it is in Nepal, but in the US, those corporations or LLCs are an entity by itself, possessing the rights to operate business, incur debts and acquire profits.

So, if the business becomes bankrupt or defaults on loan, then the entity will be responsible for it. The people who formed that entity and their personal assets are protected.
 
Posted on 08-17-06 5:02 PM     Reply [Subscribe]
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Current chairman of the FNCCI, Chandi Dhakal is one in the list of loan defaulter industralists. don't know if he falls among the top 10 in the list.
 


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