Site news

THE BANK OF INDIA SELLING A PROPERTY FOR WHICH IT HAS NOT RELEASED THE LOAN WILL FACE CRIMINAL ACTION

 
 
Picture of System Administrator
THE BANK OF INDIA SELLING A PROPERTY FOR WHICH IT HAS NOT RELEASED THE LOAN WILL FACE CRIMINAL ACTION
by System Administrator - Sunday, 27 September 2015, 12:23 PM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru : Mr R Jaikumar Dutt has stated in his letter that BOI have no right to sell his property against which BOI have not released any loan and doing so will invite criminal and civil action .He has requested bank to Stop the sale as matter is pending in court of law (DRT) .BOI reply received to his letter dated 24-08-2015 is stated to be bundle of lies. BOI is free to recover the loan from their borrower M/S Narayan Suggi as he said he is not responsible for in respect of other loans Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 which are MSME Loans given under CGTMSE collateral free loans which does not warrant collateral and as they are collateral free loans are no way connected to me as they are guaranteed by credit guarantee fund trust of Government Of India .

"If you owe the bank Rs 100 that's your problem. If you owe the bank Rs 100 lakhs, then that's the bank's problem." So allegedly graft-ridden state-owned banks hide the actual, awful numbers and humour defaulters. It seems Bank of India chief manager at Basveshwarnagar Branch Bengaluru in 2009 onwards adopted theorem that if the borrower cannot repay Rs 50 lakhs and defaults loan he will give 100 lakhs more in loans to defaulter.Bank of India chief manager at Basveshwarnagar Branch Bengaluru was sanctioning so many loans one by one after 2009 (Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 ) to single person/single enterprise at single branch to M/S Narayan Suggi without any collateral and seems to be sanctioned allegedly to a defaulter and Bank showing no NPA on the account for several years. .How bank of India went on sanctioning loan after loan without any due diligence is also a matter of great concern and subject of Investigation. How it was sanctioned and released Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 is proof of huge corruption which is allegedly rampant in Banking system . R Jaikumar Dutt said in his letter that "These loans were sanctioned without his knowledge andare no way connected to him as they were given bybank or guaranteed by credit guarantee fund trust of Government Of India and he claimed that he has not guaranteed them as per his Registered "Memorandum evidencing creation of equitable mortgage by deposit of title deed” dated 06-09-2012 . Till today Bank of India did not informed him by any letter or communication to him that it has released this loan of "Total cash Credit limit and Term Loan(fund Based) of Rs 120 Lakhs ” to M/S Narayan Suggi . Hence he requested BOI to release his security and return his title deeds forthwith as you have not released this loan and you had no intention of releasing this loan. Bank of India notices to M/S Narayan Suggi in respect of other loans Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 are MSME Loans given under CGTMSE collateral free loans which does not warrant collateral and as they are collateral free loans are no way connected to him as they are guaranteed by credit guarantee fund trust of Government Of India as stated by R Jaikumar Dutt in his letter dated 24-08-2015 to Bank of India.

I have asked Bank of India to provide me informationunder section 4(I) (a) (b) (c) (d) RTI Actaction taken report as per letter of the R Jaikumar Dutt No 81 Royal Palm Layout Gubbalalu Village Adjacent Mantri Bangalore:560061 dated 24-08-2014 in respect of his guarantee in Loan Account of M/S Narayan Suggi which was limited to a new Loan of "Total cash Credit limit and Term Loan (fund Based) of Rs 120 Lakhs ” as per his Registered "Memorandum evidencing creation of equitable mortgage by deposit of title deed” dated 06-09-2012 . Till today Bank of India did not informed him by any letter or communication to him that it has released this loan of "Total cash Credit limit and Term Loan(fund Based) of Rs 120 Lakhs ” to M/S Narayan Suggi . Hence he requested you to release his security and return his title deeds forthwith as you have not released this loan and you had no intention of releasing this loan. Your notices to M/S Narayan Suggi in respect of other loans Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 are MSME Loans given under CGTMSE collateral free loans which does not warrant collateral and as they are collateral free loans are no way connected to him as they are guaranteed by credit guarantee fund trust of Government Of India . He was not aware of Bank of India sanctioning so many loans M/S Narayan Suggi (Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 ) to single person at single branch .How bank of India went on sanctioning loan after loan without any due diligence is also a matter of great concern. How it was sanctioned and released Term loan 1 and Term loan 2 and Term loan 3 and Term loan 4 .Theseloans were sanctioned without his knowledge andare no way connected to him as they are given by your bank or guaranteed by credit guarantee fund trust of Government Of India and I have not guaranteed them. and there is no mention ofTerm loan 1 and Term loan 2 and Term loan 3 and Term loan 4 in his "Memorandum evidencing creation of equitable mortgage by deposit of title deed” dated 06-09-2012where fore it is not applicable to those loans.Please provide me information and reasons under section 4(I) (a) (b) (c) (d) RTI Acthow you can convertCGTMSE collateral free loans into collateral loans .The Bank of India is THE PUBLIC AUTHORITY under obligation to provide information "PUBLICLY” under section 4(I) (a) (b) (c) (d) RTI Act.