<p>Disclosing this to the mediapersons here on Sunday, MLA Raghupathy Bhat said “it was an unfortunate development” and appealed to the DCC Bank not to go for auctioning. <br /><br />He said the process of rejuvenation of Brahmavar Sugar factory has already begun. Rami Sugars of Andhra Pradesh has come forward to rejuvenate the sugar factory. <br /><br />“They have also agreed to return the remaining Rs 11 crore to the labourers, farmers and banks,” he added. <br /><br />In this background, the decision of the DCC bank to auction sugar factory on March 3 is shocking. <br /><br />The bank should withdraw its decision. A meeting on Brahmavar Sugar factory will be convened on February 24, he added. <br /></p>
<p>Disclosing this to the mediapersons here on Sunday, MLA Raghupathy Bhat said “it was an unfortunate development” and appealed to the DCC Bank not to go for auctioning. <br /><br />He said the process of rejuvenation of Brahmavar Sugar factory has already begun. Rami Sugars of Andhra Pradesh has come forward to rejuvenate the sugar factory. <br /><br />“They have also agreed to return the remaining Rs 11 crore to the labourers, farmers and banks,” he added. <br /><br />In this background, the decision of the DCC bank to auction sugar factory on March 3 is shocking. <br /><br />The bank should withdraw its decision. A meeting on Brahmavar Sugar factory will be convened on February 24, he added. <br /></p>
