State Bank Of Hyderabad — IF THE MIDC UNIT IS NOT CONSIDER AS COLLATERAL SECURITY THEN WHY FIRST THEY SAID OK AND WHY THIS ALL PAPERS DONE FROM ME

Address:

Nanded, Maharashtra

SIR I AM TELLING U WITH A HOPE THAT THIS IS HAPPEN WITH YOUR CUSTOMER. sir why i want to know that unit in midc is consider as a collateral security the reason is i have done all papers told by NANDED branch because at KINWAT branch manager sir has told me that i have no staff an i have no time to discuss this matter. So i understand and gone to NANDED branch for document list Sivajinagar branch code 020049 Add . CO-OP INDUSTRIAL ESTATE, SHIVAJINAGAR, NANDED 431 603 MAHARASTRA I ask document list and discuss about my project that i want to mortgage my ice factory in midc are and want to start a new business of fly ash bricks at beside ANOTHER plot and clearly ask two times because i have not done lone before so it will consider as a collateral security or not from NANDED branch they told there is no lone or dues on this unit so SBH can consider it as collateral security (they told clearly that we can consider it as collateral security ) nest question i asked them that is my it return is nil i have last 5 years but it is nil the answer was sir u are staring a new business and we can understand my current ice factory is on my mother's name so there is no return. they told it return was not a big issue, after that i was cleared that all thing is clear and i done all papers told by NANDED branch and give to them ask for check the file so there will be no further problems they check my file (after 35 days they call me and told all documents are ok ) meanwhile they visit my ice factory unit twice for inspection that time they all satisfied .Then they told that u have to submit the file to KINWAT branch i go to Kinwat branch and tell that i have done all needful papers told by NANDED branch, and the branch has told to submit file to KINWAT branch at that time KINWAT branch manager visit my unit and take pic o[censored]nits and told ok i have no time to forward the file when i got time then i will forward the file to NANDED ok i thought that after 5 - 10 days file will be forwarded i asked for revived copy but BM told me i will not give u that. Ok i thought BM is telling so he will send after 12 days for asking what happened KINWAT BM told i had not done this type of lone before i tell it is first unit in KINWAT MIDC so it is possible but in NANDED there is many units like this so please sir send my file to NANDED branch and the main thing is NANDED branch has seen and told ok to papers KINWAT BM speak with NANDED branch and told me i will send then also after 10 days he BM is telling there is no final deed in papers the legal opinion told by branch has clearly mention that when the lone is sanctioned that time it will be needed and in that it is clearly mentioned that if final lease deed is been need to bank then sanctioned letter or conditional letter will be needed to provide MIDC the BM told i will not give u letter and not forward this file to NANDED branch, after this i can't tolerate to BM and i go straight to AGM NANDED where i have ask for document and told ok to file, THE MAIN THING WAS THAT THE AGM SIR STRAIGHTLY SAID THAT MIDC UNIT IS NOT CONSIDER AS COLLATERAL SECURITY I TOLD THAT I HAVE ASKED TO YOUR OFFICE AGM SIR TOLD GO AND ASK THAT PERSON THE PERSON SAID THAT SIR I HAVE CHECK ALL DOCUMENTS AND VISITED THE UNIT DONE ALL FORMALITY OF PAPER WORK OUR PANEL LEGAL OPINION IS TELLING THE PROPERTY IS CLEAR FOR MORTGAGE AGM SIR TOLD GO AND BRING ANOTHER NA PROPERTY FOR THIS AND THIS WILL NOT CONSIDER AS COLL ASTRAL SECURITY I TOLD HOW IT CAN BE POSSIBLE FIRST YOUR OFFICER (WHOM AGM SIR IS TELLING TO ASK DOCUMENTS) IS TELLING THAT IS OK WE CAN GIVE LONE ON THIS AND THEN SUDDENLY AGM SIR REFUSE WITHOUT TAKING A MINUIT. SIR I HAVE NO PROBLEM WITH ANY ONE I WANT TO DO WORK FAST BECAUSE IN THIS ALL PROCESS IT TAKES TIME AND FINALLY AGM SIR REFUSE SO WHAT TO DO PLEASE TELL ME. SIR I AM FROM RAJKOT (GUJARAT) RAJKOT BM HAS SEND A LETTER OF SEARCH REPORT TO KINWAT BM KINWAT BM HAS TOLD HIM TO GIVE THAT IN THAT RAJKOT BM HAS CLEARLY MENTIONED THAT THE PARTY IS CAPABLE FOR DOING THE BUSINESS. I CAN'T UNDERSTAND WHAT HAPPENED BUT IN ALL THIS PAPER WORK I SPEND 6 MONTH AND ABOUT 1 LACK RUPEES HAS BEEN WASTED (LEGAL OPINION, PLAN APPROVAL, VALUATION REPORT ) AND MANY MORE FOR DOCUMENTS. I HAVE OPENED AN ACCOUNTS OF BOTH FACTORY IN SBH AS THEY TOLD. MY ICE FACTORY VALUATION IS 155 LACK AND NANDED BRANCH TOLD ME THAT YOUR PROJECT OF FLY ASH IS OF 4 CR YOU CAN GET LONE AMOUNT OF 295 LACKS ON THIS ICE FACTORY. SIR I AM NOT TELLING THAT I NEED 295 LACK BUT IF POSSIBLE ON THIS UNIT MAXIMUM FROM SBH I WILL TAKE I WANT TO DO BUSINESS WITH SBH. PLEASE SIR TELL ME WHAT TO DO NOW I CAN'T GO TO AGM SIR NANDED OR NOT TO KINWAT BM . WHY THEY TOLD TO SEND SBH RAJKOT BRANCH THE FINANCIAL STATUS WHY VALUATION REPORT WHY LEGAL OPINION WHY THEY COME FOR INSPECTION 2 TIMES FROM NANDED AND 1 TIME FROM KINWAT TELL ME SIR THANKS FOR GIVING TIME TO ME YOUR CUSTOMER.