Sant Muktabai Sahakari Sakhar Karkhana
Sant Muktabai Sahakari Sakhar Karkhana (SMSSK ) known as Sant Muktabai Cooperative Sugar Factory is a cooperative factory founded in 1988 by Pratibha Patil and others. The factory is situated at Muktainagar in Jalgaon district in Maharashtra. It was inaugurated by Sonia Gandhi on 23 January 1999, and Patil remained chairperson until 1996. Loan defaulter The sugar factory was given a loan by a consortium of four banks, three cooperatives and one nationalised — MSC, DCCB Jalgaon, DCCB Mumbai, and Dena Bank. The factory defaulted in repayment of the borrowed money. The mill owed about 730 million rupees to three banks — Maharashtra State Cooperative (MSC) Bank, Jalgaon District Central Cooperative Bank, and the Mumbai District Central Cooperative Bank. The Mumbai Central District Cooperative Bank served many notices on the factory for recovering an outstanding loan of 177 million rupees. The bank sealed the factory on 23 January 2007. This was the second occasion when the mill had been sealed. Earlier, it was sealed in January 2006 but was reopened after the board of directors headed by G. N. Patil — younger brother of Patil requested an opportunity to improve the performance of the mill. Sugar scam In 2002 the