Lookout circulars issued by Pune police against Union minister Narayan Rane's wife Nilam and MLA son Nitesh in connection with unpaid loans taken from a financial institution, were withdrawn recently after the amounts were settled, said a senior Pune police on Friday.
Deputy Commissioner of Police (Crime) Srinivas Ghadge said the lookout notices were withdrawn after DHFL (Dewan Housing Finance Corporation Ltd) informed through a letter that the outstanding loans had been paid by the Ranes.
A police official said Artline Properties Pvt Ltd, a firm owned by Nilam Rane, had availed a loan of ₹25 crore from DHFL, in which she was the co-borrower, and the outstanding amount was ₹ 27.13 crore.
Nilam Hotels, owned by Nitesh Rane, had availed a loan, and the outstanding amount in this connection was over ₹34 crore, he said.
The lookout notices were issued last month after both the accounts were classified as non-performing assets (NPA), the official added.
