Kathmandu. The Office of the Troubled Cooperative Management Committee has directed the cooperatives to pay the borrowers who have not paid the loan on time.

Issuing a notice, the committee has asked the borrowers of the troubled cooperatives to pay the principal, interest and damages of the loan. The committee directed the borrowers to pay the loan for the management of the cooperatives’ assets and payment of liabilities as per Clause 104 of the Cooperative Act-2074 BS.

The committee has also directed the directors, borrowers, managers and guarantors of the problematic cooperatives to contact the committee’s office.