Escolar Documentos
Profissional Documentos
Cultura Documentos
1) M/s Sai Chem Pharma, BL A/c No.16/2000 of King Kothi Branch for Rs.70
lakhs – Balance as on 31-3-2009 Rs.70,42,862/-
As the party failed to repay the loan a case was filed before Joint
Registrar under Multistate Cooperative Societies Act and an award was
issued in favour of the Bank asking the borrower to pay Rs.91,27,100/-
with interest @ 22% p.a. As the borrower failed to pay the amounts as
per the award, the Bank attached the property under SARFESI Act.
As per office note Dt. Of the Recovery section, that the Borrower
came forward with a proposal for additional payment of Rs.19 lakhs as
full and final settlement totaling to Rs.62.98 lakhs.
During the year the property held as mortgage to the Bank was
auctioned for Rs.25,60,000/- under Securitization Act .
The sale confirmation was given and the documents were delivered.
The valuation for selling the property taken was as per the valuation
obtained from the Registrar office of Assurances. and the market value
was shown as Rs.23,58,300/-.
a. During the year the property held as mortgage to the Bank was
auctioned for Rs.5,00,000/-.
b. The sale confirmation was given and the documents were delivered
c. The valuation for selling the property taken was as per the valuation
obtained from the Registrar office of Assurances. And the market value
was shownas Rsd.23,58,300/-
The Branch Manager Purani Haveli Branch recommended for closure of the
following loans.
The Purani Haveli Branch closed all the above loans on 07.10.2009 by
debiting Reserve for Bad and Doubtful debts and to Interest written Off under
OTS scheme account and returned the security documents of HL 11 without
any authority or resolution by the Board.
Further
Further, While debiting so, the branch debited the amounts even for
the loan accounts that were closed in the earlier years and was
accounted in the GL head for tallying purpose and not debited in the
Ledger account. But while preparing the NPA sheets those amounts
were shown as outstanding.
Share Capital:
• As per modification to G.O. Ms.4 through G.O. Ms.306 the interest
payable on frozen deposits of individuals was converted to share capital
during the year 2008 – 2009 which is repayable after 6 years.
The recommendation to RCS does not mention the details of the total
deposit held by the depositor, amounts paid by the Bank, amount held
in Frozen Deposit and in Share Capital a/c.
• During the year the Bank sold the investments held under Government
Securities in the name of the Bank with Book Value of
• During the year an amount of Rs.15.00 Crores was repaid to DICGC and
the outstanding Liability as on 31-3-2010 was Rs.64,81,39,823/-
• The investments held under Joint Account with DICGC are in the nature
of Fixed Deposits with SBI and are held to maturity.
ZULFIKAR GROUP
During the year the Bank auctioned the properties mortgaged and held as security
for all the loans sanctioned to the above group as follows.
In respect of accounts under 6, 7, 8 the sale confirmation was given and the
Property documents were delivered. In respect of account shown below as 1,2 and
3 auctions were conducted,( for total consideration of Rs.33,00,000/- lacs) 15% of
sale value was received on and was kept in Sundry Creditors.
The latest valuation report (Market value) obtained from the approved valuer during
the year before conducting the auction is not available for verification. Whether any
other property available as security is not known.
Property was auctioned for Rs.14.00 lakhs. The sale confirmation was
given and documents were delivered.
It is observed that the market value of the property shown for the
auction was Rs.14.94 lakhs. For the remaining outstanding Loan
amount, whether any other property available as security is not
known.
The security value that was shown in the NPA statement as at 31-3-
2009 was Rs.1,02,74,500/-
Property mortgaged to the Bank was auctioned for Rs.64.00 lakhs. The
sale confirmation was given and documents were delivered. It is
observed that the E.P. amount was Rs.2,83,66,471/- and the market
value shown was Rs.79.92 lakhs.
The latest valuation report obtained if any from the approved valuer
during the year before conducting the auction is not available for
verification.
The matter was not referred to Board for selling the property par below
the outstanding amount.
The security value that was shown in the NPA statement as at 31-3-
2009 was Rs.1,31,02,000/-/-
9) M/s Narasimha Printers vide CC A/c No.104 at Purani Haveli Branch for
Rs.2,50,00,000/-
During the year the property mortgaged to the Bank was auctioned for
Rs.28.00 lakhs. The sale confirmation was given.
It is observed that the E.P. amount was Rs.3,16,01,322 /- and the market
value shown was Rs.28.93 lacs. Whether any other property available as
security is not known
The latest valuation report obtained if any from the approved valuer during
the year before conducting the auction is not available for verification
The matter was not referred to Board for selling the property par below
the outstanding amount.
The security value that was shown in the NPA statement as at 31-3-
2009 was Rs.2,96,09,000/-
The property held as security to the above 3 loan accounts was Agl. Land of
6.25 acres at Kthireddy palli Village, Moinabad Mandal, R.R. District