"State Bank of Sikkim Seizes Three Properties "
The State Bank of Sikkim (SBS) has seized three properties following significant loan defaults. Kiran Chettri’s property near Tadong outpost in Gangtok was taken over after Sushila Chamling, daughter of former Chief Minister Pawan Kumar Chamling, defaulted on a ₹2.3 crore loan.
Hotel Lhasa in Gangtok was also seized by the bank after the owners failed to repay a ₹6 crore loan taken in 2017, despite multiple recovery attempts. Additionally, SBS attached land and a building owned by Palden Bhutia in Sangtong Block, Ranka, under Gangtok District, due to a ₹2 crore loan default. These actions were carried out as part of SBS’s legal recovery process.
The Kingdom of Bhutan successfully concluded the first edition of the Bhutan Butterfly Meet, organized…
Even while contending with significant, politically-driven tariffs of up to 50% from the United States,…
Chief Minister Prem Singh Tamang (Golay) personally responded to a distress call made through the…
Hamas today afternoon confirmed that four hostages have already died, including Nepal’s Bipin Joshi. Bipin,…
Shri Tuhin Kanta Pandey, Chairman, SEBI, launched World Investor Week (WIW) 2025 at NSE, Mumbai…
The Government of Sikkim has approved an increase in Dearness Allowance (DA) and Dearness Relief…