Mormugao Seals Two Banks Over Rent Defaults
VASCO: On Thursday, the Mormugao Municipal Council (MMC) sealed the branches of a public sector bank and a private bank due to unpaid rent. “The private bank branch in town and the public sector bank branch at Mangor Hill were sealed for failing to meet their rent obligations,” stated MMC chairperson Girish Borkar to TOI. The private bank owed Rs 6 lakh, while the PSU bank had an outstanding amount of Rs 3 lakh. This recovery effort was led by MMC chief officer Siddhivinayak Naik, in collaboration with municipal engineers and inspectors. “MMC is committed to taking strict measures against…