Shocked Mira Road residents get warning notices to vacate flats... for bank loans they say they didn't take
Shocked Mira Road residents get warning notices to vacate flats... for bank loans they say they didn't take
Over 15 residents of Ritu Paradise in Mira Road are shocked to receive warning notices from a recovery agency to vacate their flats. Most residents have fully paid off their loans. In the case of over four residents, they didn't even take a bank loan in the first place, but now have been asked to leave or cough up Rs two crore to pay for their homes!
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Residents of Ritu Paradise who claim that they are being evicted for non-recovery of loans they didn't take pic/Shailesh Bhatia |
Earlier last week, over 15 members of Ritu Paradise, Mira Road (E), found warning notices from ARC, an RBI-certified Asset Reconstruction Company, in the business of procuring non-performing loans (NPLs) from Indian banks and financial institutions andu00a0 recovering the amount from the sale of secured assets of the defaulting borrower.u00a0u00a0
Now four of these residents have final notices that the financial institution has, in fact, taken virtual possession of their flats and that they will soon be physically evicted with the help of the police.
One such member, Rakesh Prajapati, who has been told to vacate his flat for allegedly not repaying a loan of up to 22.59 lakh, produced his property papers and society share certificates. "I had taken a loan of eight lakh in 2006, when the building was constructed and repaid it earlier this year. Now I have a notice bearing my flat number, but in the name of some Vijay Mathidi, who has apparently cheated another multi-national bank," said Prajapati, who works with an IT firm.
"I put in all my savings to purchase this flat. Now, out of the blue, my family and I could soon be homeless."
Sunday MiD DAY also found that four other residents, Ajit Pednekar, Guman Singh Meena, Azad Khan and Satish Sikawar, paid the entire price of their flats at the time of possession and had not taken any loans as per the society records. They have now been told to cough up Rs 2 crore or face the consequences.
Lakshmikant Malpani, a chartered accountant who has a notice pasted outside his door in the name of some Firoze Afsar Khan, states that some banks have fraudulently given loans against their property without verifying the title.
Advocate Vandana Jaisingh, representing the Ritu Paradise residents, alleged that the total scam runs into crores, because similar notices have been affixed in the society compound which houses 30 families.
"This is the work of a well-qualified gang. The photos and serial numbers don't match their records," alleged Jaisingh.
ACP Chandrakant Pauskar stated that he had written a letter to the local police station to book the actual culprits.
What ARC says
An ARC spokesperson stated, "Arcil has purchased, under the provision of Sarfaesi Act from ICICI Bank, 7 non-performing loan accounts (of five borrowers) with the underlying security of 15 flats in the Ritu Paradise Project in Mira Road. Arcil initiated legal action under section 13(2) of Sarfaesi Act, 2002. In view of their representation to us as well, we have stalled all legal actions in these cases and awaiting the judicial decision of DRT."
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