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Karnataka: Loans of over ₹153 Crore Are Outstanding; Court Allows Apex Bank to Take Possession of Sugar Mill
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Belagavi: A local court has allowed Apex Bank to take possession of the Malaprabha Cooperative Sugar Factory in Bealhongal, Belagavi district, as loans of over ₹153 crore have not been repaid. The Senior Civil Court and the Chief Judicial Magistrate (CJM) have allowed Apex Bank's application to take possession of the factory. The bank had earlier taken constructive possession of the factory in September 2025. According to reports, Malaprabha Coo…
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