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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Karnataka Debt Relief Act: Pawnbrokers not to return jewels unless Govt. compensates

Mysuru: With rules to implement the Debt Relief Act coming into force in the second week of August, setting the stage for its implementation across the State, city pawnbrokers have decided not…

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Published September 22, 2019 · 2 min read
karnataka debt relief act: paw

Mysuru: With rules to implement the Debt Relief Act coming into force in the second week of August, setting the stage for its implementation across the State, city pawnbrokers have decided not to return the pledged gold or jewellery until Government compensates their loss.

The decision was taken at the meeting organised by Pawnbrokers and Jewellers Association at Mahaveer Nagar (Halladakeri). It was also decided to put up boards in front of shops showing messages that no jewellery would be returned unless the money that has been handed over to people who have pledged their gold is returned.

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