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Court orders suspended IAS officer to repay loan

THE COURT of additional district & sessions judge A K Pandey has ordered suspended IAS officer Ramesh Thete and his loan guarantor M G Tiwari to either pay jointly or separately an amount of Rs 1,94, 459.65 to State Bank of India (SBI) against personal loan taken by Thete.

india Updated: Jan 10, 2006 13:44 IST

THE COURT of additional district & sessions judge A K Pandey has ordered suspended IAS officer Ramesh Thete and his loan guarantor M G Tiwari to either pay jointly or separately an amount of Rs 1,94, 459.65 to State Bank of India (SBI) against personal loan taken by Thete.

According to SBI’s plaint against Thete, he had taken a loan of Rs 1,65,000 from its Sultania Road branch on December 21, 2001.

He was supposed to repay the loan in 48 installments of Rs 4670 per month. But, he did not repay the loan.

After repeated reminders and a legal notice, the bank moved court against him for decree to realise the amount. Tiwari, principal at ITI, Govindpura, Bhopal, was also made a party in the plaint as he was guarantor for Thete.

Thete did not appear in the court during hearing. In the ex-parte decree against
Thete and Tiwari, the court ordered them to pay the amount to the bank.

The court further directed them to pay jointly or separately interest to the bank from March 31, 2002 at the rate of 16 per cent and also bear the cost of litigation.

First Published: Jan 10, 2006 13:44 IST