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Nagpur City

Cheques issued by MADC dishonoured

by TLN Team January 27, 2022January 27, 2022
written by TLN Team January 27, 2022January 27, 2022
Cheques issued by MADC dishonoured

The two cheques issued by the Maharashtra Airpot Development Corporation (MADC) were bounced on Tuesday.

A day after MADC Officials, the nodal agency of MIHAN Project, issued a statement on the matter holding the Bank accountable for the issue due the technical errors from their side.

“The cheques being issued by MADC to the unsuccessful bidders of proposed plot for setting up Five Star Hotel in MIHAN were dishonoured by Bank” reads the statement issued by officials.

“MADC hereby clarifies that bank account has enough funds and the same was confirmed by the bank officials too; and that the cheques may have got dishonoured due to some technical reason which can be verified only when the bank reopens on Thursday” the press note reads.

Deepak Kapoor VC & MD of MADC has taken serious cognizance of this matter and has directed Chief Financial Officer from Mumbai Headquarter to immediately rush to Nagpur Office today itself i.e. 26th January 2022 to resolve the matter on priority and to the satisfaction of all concerned.

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