Bank notice against sons of MP Assembly Speaker for Rs 42.22 lakh loan 'default'

Speaker Narmada Prasad Prajapati is a guarantor in two separate loan accounts for his sons--Neer and Preetiraj.

Published: 01st December 2019 09:37 PM  |   Last Updated: 01st December 2019 09:37 PM   |  A+A-

Bank, Banks

For representational purposes (File Photo | PTI)


JABALPUR: A notice to recover loan dues totalling Rs 42.22 lakh from two sons of Madhya Pradesh Assembly Speaker Narmada Prasad Prajapati was published by a bank on Sunday.

Speaker Prajapati is a guarantor in two separate loan accounts for his sons--Neer and Preetiraj.

The bank accounts were classified as non-performing assets (NPAs) by the Allahabad Bank branch in Narsinghpur district of Madhya Pradesh.

As per the recovery notice published in a newspaper on Sunday, Neer has loan outstanding of Rs 21.54 lakh and Preetiraj owes Rs 20.68 lakh to the bank.

The bank had issued notices to the brother duo on August 13 and October 10 this year asking them to deposit the pending dues, and granted them 60-day time to oblige.

The speaker, a resident of Narsinghpur district, cannot be contacted.

Neer and Preetiraj also could not be reached.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp