Chikkamagalur: Police confiscate buses of reputed bus service co under tight security

Team Udayavani, May 18, 2021, 2:12 PM IST

Chikkamagalur: Sahakara Sarige, a decades-old famous private bus transport service here is being shut down under a heavy police presence.

The company, which owns 72 buses, had stopped operating last year due to huge losses.

Sahakara Sarige had borrowed Rs 1.10 crore from Shriram Transport Limited but was unable to repay the amount.

Hence, the company was foreclosed due to the non-repayment.

The transport company, employing more than 200 people, had gained immense popularity especially in rural areas of the district.

An appeal was made to the chief minister by many of the district’s residents to save the company but to no avail.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

MUST WATCH

Over 400 flights delayed at Delhi airport due to bad weather

No link between Sanatana Dharma and Chaturvarnya caste system, says Sivagiri Mutt head

RSS’ lathi-training instills bravery, not meant for public display or fighting: Bhagwat

UPSC seeks details from 2 visually-impaired candidates,who took 2008 civil services, for appointment

BJP destroying future of youths in country: Rahul

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.