The Federation of Chambers of Industries Kashmir (FCIK) has urgently requested Chief Secretary Atal Duloo’s intervention, stating, “We seek to curb the perceived oppressive and draconian measures taken by Jammu and Kashmir Bank authorities against defaulting businesses, including MSMEs, and restore the trust and confidence of the business community.” In strong condemnation, FCIK voiced their disapproval, stating, “We condemn the decision of the Bank authorities to employ third-party agents for loan recovery and the seizure of property provided as collateral by business enterprises. Such actions may lead to potential misunderstandings…
Read MoreCollateral Seizures and Loan Recovery Tactics Spar Tensions: J&K Industries Seek Chief Secretary’s Help
