List of Debtors of Gautamshree Cooperative Published

The Problematic Cooperative Management Committee has released the list of approximately 140 major debtors of Gautamshree Multipurpose Cooperative Institution. The Government of Nepal had declared this cooperative problematic on Chaitra 13, 2080 BS. The committee has instructed the debtors who have not yet repaid their loans to settle them promptly and warned of legal action.

May 22, Kathmandu – The Problematic Cooperative Management Committee under the Ministry of Land Management, Cooperatives and Poverty Alleviation has published the list of debtors of Gautamshree Multipurpose Cooperative Institution, which was declared problematic. The committee made public the names of about 140 major debtors on Friday. This disclosure was made in accordance with the decision taken during the committee meeting held on Baisakh 23, 2083 BS.

Previously, the Government of Nepal had declared Gautamshree Multipurpose Cooperative Institution problematic on Falgun 13, 2080 BS. According to the committee, the list was published based on the available debtor information. Additionally, individuals who have already repaid their loans but find their names included in the list have been requested to present necessary proof and come forward.

Gautamshree Cooperative was declared problematic on Chaitra 13, 2080 BS. A total of 1,673 savers from the cooperative have claimed demands totaling NPR 301 million. The committee has instructed those who have not yet repaid their loans to contact the committee’s office immediately to settle their dues. Otherwise, the committee has warned that legal procedures will be initiated as per prevailing laws.