Thiruvananthapuram : Multiple banks prepare to take over assets belonging to ET Mohamed Basheer’s son, ET Firoz, against his loan default to the tune of Rs. 200 crores. Lenders looking to encash their dues are Punjab National Bank and Canara Bank.
The banks have already procured order from Chief Judicial Magistrate Court in Kozhikode that allows them to take over Firoz’s assets by 21st.
