I am uploading a paper cutting of Hindi daily "Dainik Bhaskar" dtd 1st March, 2013. Among several news, there is one notice pertaining to defaulters of SBI. The Defaulter is Mr Navin Agarwal & his wife Mrs Mamta Agarwal. The loan amount is 4.57 Crores. The SBI gas gone to the extent of calculating the exact paise in the case. The total amount mentioned in the Notice is Rs 4,57, 23,340.43.
The SBI starts its recovery proceedings by publishing the landed properties of the defaulter. Amongst the list of properties, the 1st one mentioned is property of CSIDC, Area is 6.91 acre and is given on lease by CSIDC. The full form is Chhattisgarh Industrial Development Corporation.
The question is can Bank acquire the leased property of CSIDC which is exclusively developed as an area for Industrial development. Perhaps not. It has been simply mentioned in the Notice to cover up the matter. The defaulter might have fled long back or running another business in the same state and everything is in the knowledge of the Bank.
The main question is who is the real looser? The defaulter Agarwal who is more powerful 10,000 ordinary persons, the Bank who has given loan or the Govt? It is the ultimate public who suffers indirectly the direct misdeeds of defaulter, the greedy, corrupt & negligent Bank officers and other supervising Agencies like CBI. I know personally from one case as to how CBI had dealt with the Builder "Chandela Construction of Agroha Society, Ring Road, Raipur". The Govt Agencies who are supposed to watch & take action against these economic criminals are advising the enemies of the country in very soothing language. This is the tragedy of the nation and "Right Thinking Indians Association, Raipur, Chhattisgarh" wants to stop it. If Anna Hazare, Kejriwal saheb, Kiran Bedi & Baba Ramdev can not find solution, the common man should think & act------------.
The image uploaded is not of Byron Bazar, Raipur, Chhatisgarh. It is of another important SBI office. The architecture pertains to British era. I have uploaded this image of SBI as the image of Raipur office is not in the net.
The SBI starts its recovery proceedings by publishing the landed properties of the defaulter. Amongst the list of properties, the 1st one mentioned is property of CSIDC, Area is 6.91 acre and is given on lease by CSIDC. The full form is Chhattisgarh Industrial Development Corporation.
The question is can Bank acquire the leased property of CSIDC which is exclusively developed as an area for Industrial development. Perhaps not. It has been simply mentioned in the Notice to cover up the matter. The defaulter might have fled long back or running another business in the same state and everything is in the knowledge of the Bank.
The image uploaded is not of Byron Bazar, Raipur, Chhatisgarh. It is of another important SBI office. The architecture pertains to British era. I have uploaded this image of SBI as the image of Raipur office is not in the net.
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