Sit-in protests non-payment of money
Source: Chronicle News Service
Kakching, April 25 2022:
Investors, loanees and gold marup members of Kakching branch of NK Nidhi Limited, New Lambulane, New Checkon, Imphal East district staged a sit-in protest in front of its Kakching branch office at Kakching Khunyai Leikai on Monday demanding payment of their money or face legal action.
As per a release by NK Nidhi Limited Group Investor/Loanee/Sana Marup Members' Committee, the Kakching branch of the group had collected large amount of funds in the form of 15 per cent loan deposit on the pretext of providing Loan Against Property (LAP) from 2020 .
Chairman of the group Nongsaibam Sanjit of Yairipok Toupokpi had assured that the loan deposits as well as the matured funds of investors will be paid back by first week of February 2022, but till now the amount has not been release, it stated.
The Committee mentioned that on top of this, the Group had also started a gold marup of 1000 people with Rs 2000 per month contribution which has been collected for nine months but then it was stopped.
The members of the Committee have time and again tried to communicate with the officials of NK Nidhi Limited but till now no positive response has come from their side.
If the Group continues to ignore their demands, then the Committee will have to take the help of law to get their money, back, it further cautioned.