This is clearly a direct misuse of power. If Mr. Chand was honest, he must have shown some diligence by paying some interest early on. I'd not say Mr. Chand was a courageous industrialist; he just had some back-force in action when he got the loan. That's it.
More mind-boggling is the fact that the collateral (the factory) needed to be brought under the banks' management, but instead the government is busy deducting the commission so does not give a shit about the losses of the public institution like the Sanchaya Kosh.
[Disallowed String for - banned word] Makune! I had a bit of hope in Makune, but that had gone a long time ago now.