June 16, 2011 3:15:20 am
Uncertainty looms over the controversial Tata Camelot project,proposed at Kansal near Chandigarh,as the Punjabi Co-operative House Building Society or Punjab MLA Society has cancelled the agreement with Tatas,while the Tata Housing Development Company Limited (THSCL) has said the agreement cannot be revoked by MLA Society.
The third partner in the proposed project,the Defence Services Cooperative House Building Society,has also decided to seek legal opinion.
The Tata Camelot project was to have 1,700 flats.
A general body meeting of the society was held on Sunday in which it was decided that the agreement with THCL will be cancelled and the power of attorney given to the company by the society will be revoked,as the company has not paid the third installment to the members of the society which was due in December, Balramji Dass Tandon,former cabinet minister and treasurer of the Punjabi Co-operative House Building Society,said.
The company has already paid around Rs 33 lakh to each member in two installments and the third installment was of Rs 24.75 lakh and fourth installment was of the same amount. As per the clause of the agreement,when the company gets the building plans passed then it had to pay the third installment which it did not, he said.
Tandon said as they did not get any response from the company,it was decided to cancel the agreement.
The company did not pay the third installment and the income tax authorities were after us as they calculated Rs 60 lakh as tax per member. Members have paid Rs 10 lakh already but bank accounts of some members were sealed by the income tax department, he said.
We will now be giving 300 square yards plots to our members as initially they had 500 square yard plots before entering into an agreement with THCL. Now we are left with about 14 acres of land with 7 acres of land already transferred to THCL. The society members are ready to pay back the Rs 33 lakh each member got from THCL if they return our 7 acres of land, he said.
Maj Gen Atma Singh (Retd),honorary secretary of the Defence Services Cooperative House Building Society,said,We will be meeting the office bearers of the Punjab MLA Society and talk to them and after that we will take legal opinion and take a final call at the general house meeting of the society.
The deal for the 130 members of the MLA Society was they will get Rs 82.50 lakh and fully furnished four-bedroom apartments worth Rs 1.40 crore as the company has got 21 acres prime land from the members in Kansal for a group housing and commercial project. The same deal was for the 207 members of Defence Services Society.
Tata Housing Development Companys official spokesperson said they had not received any intimation from the society about revocation of the agreement. We would like to clarify that we have not received any notice of revocation of Power of Attorney from the Punjabi Cooperative House Building Society nor we have received any intimation of inclination to do so, the spokesperson said.
Sudhir Chadha of Hash Builders said,The society about two and a half months ago sent us a letter demanding the third installment. We wrote back saying that it cannot be given as per the clause till the THCL gets all the permissions and then within two months it has to pay and all permissions are yet to come.
High Profile members
THE Punjab MLA Society has 102 members. Among them are Punjab Deputy Chief Minister Sukhbir Singh Badal,Punjab Finance Minister Upinderjit Kaur,PunjabEducation Minister Sewa Singh Sekhwan,Former Punjab Transport Minister Master Mohan Lal,Punjab Animal Husbandry and Fisheries Minister Gulzar Singh Ranike,Punjab Irrigation Minister Janmeja Singh Sekhon,Punjab PWD and B&R minister Parminder Singh Dhinsa,Punjab Rural Development and Panchayats Minister Ranjit Singh Brahampura,Punjab Agriculure Minister Sucha Singh Langha,Former Punjab Local Bodies Minister Manoranjan Kalia,Former Punjab Technical Education Minister Sawrna Ram,Punjab Local Bodies Minister Tikshan Sood,Speaker Nirmal Singh Kahlon and Former Deputy Speaker Satpal Gosain and former Finance Minister Manpreet Singh Badal are members. Also four MPs from Punjab are members of this society,Union Minister for State for External Affairs Parneet Kaur (wife of former chief minister Capt Amarinder Singh),MPs Rattan Singh Ajnala,Balwinder Singh Bhunder and SS Dhindsa all of SAD. The former Punjab Congress President S S Dullo,former ministers Avtar Henry,Tej Parkash,besides others are also the members. Also former SGPC President Jagir Kaur is a member.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.