After receiving the instructions not to cut the lines in dedicated and trunk feeders, Nepal Electricity Authority has written to freeze the bank accounts and shares of the industries that collect the dues.
After the Regulation Commission cut the line and sent a letter to collect the arrears from other options, the authority went to options such as freezing the bank account and not being able to trade shares.
The Authority has written to Nepal Rastra Bank, Securities Board, Company Registrar Office for suspension of account and share purchase. In the letter, the authority has demanded that funds cannot be withdrawn from the account and shares cannot be issued
Similarly, the authority has written to Pure Energy to recover Rs 75 crore 36 lakh 84 thousand 335 rupees from the amount to be paid according to the power purchase agreement of Reliance Spinning Mills. The Authority has sent a correspondence with the details of the outstanding industries from January 2072 to May 2075.
According to the authority, a total of 6 billion 40 crore 92 lakh 40 thousand 701 rupees is left for that period. The authority said that other industries except 34 have come under installment plan.