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MR JAIKUMAR DUTT MIGHT FILE POLICE COMPLAINT AGAINST BANK OF INDIA TO SAFEGUARD HIMSELF

 
 
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MR JAIKUMAR DUTT MIGHT FILE POLICE COMPLAINT AGAINST BANK OF INDIA TO SAFEGUARD HIMSELF
by System Administrator - Friday, 9 October 2015, 1:30 AM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru : According to our sources Mr R Jaikumar Dutt mightfile police Complaint against The chief Manger Bank of India , Basveshwarnagar Branch Number 313/331A 4TH BLOCK 3RD STAGE Dr Siddaiah Puranik Road Basveshwarnagar Bangalore-560079 and The chief Manger and authorized officer Bank of India , Bangaluru Zone 11 Kempegowda Road Bangalore-560009 for creating false documents and fabricating them and inflicting fraud and selling others property illegally as Bank of India has no right to sell his property bearing " No 81 Royal Palm Layout Gubbalalu Village Adjacent Mantri Bangalore:560061” even then they are selling his property by auction by advertising in News Papers by creating false documents and false notices and filing false DRT case on him when he have not secured those loans mentioned in BOI notices . Against his property BOI have not released any loan and he have not guaranteed Term loan 1 and Term loan 2 and Term loan 3 and cash credit and Term loan 4 and Bank doing so is criminal act and fraud and creation of documents attracts criminal proceedings . He has Requested police to Stop sale of his property as matter is pending in DRT court of law and it is fraud selling his property without any loan given on my property .Admittedly as per DRT application Bank of India has released loans Term loan 1 and Term loan 2 and Term loan 3 and cash credit and Term loan 4 on "on demand promissory notes” and Hypothecation cum Loan agreements (Not on his third party collateral ) and released the loans on 10-11-2009 and 22-11-2010 and 19-10-2011 and 06-09-2012 and these are not mentioned in his Registered "Memorandum evidencing creation of equitable mortgage by deposit of title deed” dated 06-09-2012 and bank of India has not released loan of 120 00000/- . Bank are free to recover the loan from their borrowerM/S Narayan Suggi as he is not responsible for in respect of loans Term loan 1 and Term loan 2 and Term loan 3 and Cash credit 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 him as they are guaranteed by credit guarantee fund trust of Government Of India . Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act ("SARFAESI Act") is applicable to secured loans and he have not secured any loan like Term loan 1 and Term loan 2 and Term loan 3 and Cash credit and Term loan 4 and as such it is not applicable to him.Mr R Jaikumar Dutt has stated in his letter that BOIhave no right to sell his property against which BOIhave not released any loan and doing so will invite criminal and civil action .He has requested bank to Stop the saleas matter is pending in court of law (DRT) .BOI reply received to his letter dated 24-08-2015 is stated to bebundle of lies. BOI is free to recover the loan from theirborrowerM/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 enterpriseat 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 weregiven 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 BOIto 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 Indianotices 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.