The family of Akali leader Dyal Singh Kolianwali deposited three cheques worth Rs 95.70 lakh for the payment of the outstanding loan taken from the cooperative agricultural development banks, an official said today.
The cheques were deposited after a notice was issued by the cooperative department, asking the family to clear outstanding payment by May 23, failing which their arrest warrants would be issued.
He said after the initiation of the process against big time defaulters of the co-operative banks, the defaulters have so far deposited Rs 5 crore with the department.
Kolianwali's family deposited three cheques worth Rs 95,70,000, the spokesman said.
Out of these, a cheque worth Rs 30 lakh was deposited in today's date whereas the other two were post dated cheques to be encashed in December 2018 and June 2019, he said.
They had not deposited any installment during the past 10 years, he claimed.
Punjab Cooperation Minister Sukhjinder Singh Randhawa had suspended the manager of the Agricultural Development Bank in Malout for not issuing the notice to Kolianwali and had instructed the assistant registrar of Malout to send the notice.
Randhawa said that the commendation certificates would be given to the deputy registrars and the assistant registrars for acting against the defaulters.
Randhawa had earlier said his department would act against big farmers who defaulted in repayment of loans taken from cooperative banks. These farmers have outstanding loan amount of Rs 276 crore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)