Tuesday, Oct 21, 2014

Vendor got unsecured loans, no action taken for non-payment: Adarsh report

These villages are mostly in the arid zone and underground water lines were laid from the Bhima river basin. These villages are mostly in the arid zone and underground water lines were laid from the Bhima river basin.
Written by Pranav Kulkarni | Pune | Posted: January 15, 2014 4:59 am | Updated: January 15, 2014 12:32 pm

The Adarsh commission report, which the state government dramatically accepted after AICC vice-president Rahul Gandhi’s comments, stated that city-based vegetable vendor Vishal Kedari — who owns a flat in the controversial housing society in Mumbai — was given interest-free loan by Parveen, wife of Sevak Nayyar, the former CEO of Khadki Cantonment Board and later the Defence Estates Officer  Pune Circle.

Kedari has “admittedly not repaid the loan” to any of the lenders, according to the report.

Last week, Newsline had reported that Kedari was unhappy with the report listing his purchase as “benami” and had said he will move court challenging the tag.

Talking about Kedari’s 650 sq ft flat priced at Rs 59 lakh, the 650-page report — which has been uploaded on the state government website — states: “He raised the amount by borrowing Rs 28 lakh from Parveen Nayyar, Rs 20 lakh from Amit Thepade and Rs 10 lakh from Sunil Advani.” According to the report, Kedari executed an unregistered mortgaged deed dated February 4, 2009, in respect to his flat in Adarsh Cooperative Housing Society. As per the mortgage, the lenders can take possession of his flat in case he fails to repay the loan.

As per the report, not only has Kedari not made the repayment of the loan, but the transaction entered has no permission either from the collector or the government. Interestingly, Thepade extended the loan of Rs 20 lakh to Kedari without even knowing him. “This is the only case where I had given loan to a person who is not known to me personally. I have not informed Adarsh CHS about the loan given by me to Kedari,” the report quotes Thepade as saying in his statement. Interestingly, Kedari had told this reporter that the amounts were paid by lenders directly to Adarsh CHS by cheques, in which case the names of his lenders were revealed to the society.

According to the report, the Rs 10-lakh loan extended by Advani to Kedari was given on the basis of an undated, unregistered promissory note — similar to one he made with Thepade — without any security. “He (Advani) has further stated that he has not given any legal notice nor filed any civil suit against Kedari for repayment of the loan amount,” the report states.

Kedari, had, however told this reporter that the lenders have been after him for repayment of the loan. “Kedari belongs to a Scheduled Caste (SC) category and as per the evidence of Parveen, he used to visit her for doing domestic work…Admittedly, he has not made repayment of any loan to the persons from whom he borrowed the amount,” it states.

Kedari had said that he intended to rent out his Adarsh flat and then repay the loan, and that he is being targeted because he belonged to the SC category. The report has thus called him a benami owner, and Nayyar, Advani and Thepade as the real owners of the flat.

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