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NIDC blacklists 14 firms

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BIRATNAGAR, March 28: Nepal Industrial Development Corporation, Biratnagar blacklisted 14 industrial and commercial firms for not paying loans.



Chief of the eastern regional office Kamlesh Thakur said the corporation took the move after the firms did not pay loans despite frequent correspondence by the corporation to pay the loans. [break]



According to the corporation, those blacklisted are Baba Feeds Pvt Ltd, Morang,; Mala Feeds, Itahari; Shanti Cinema, Morang; Kanjirowa Resort, Dhankuta; Kanchanjunga Cheese Pvt Ltd, Shyam Chaitulal Cinema, Saraswati Metal, Rajbiraj; Bhushan Talkies, Morang; Dharan Auto Engineering Workshop, Anamika Cinema, Dhulabari; Tirupati Paper, Morang and Shuvlaxmi Furniture, Damak.



The corporation said the blacklisted farms have loans dues ranging from Rs 1.5 million to Rs 8 million.



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