[Resolved]  State Bank of India, Panipat — Non Release Of Property

Krishna Handloom, Panipat took a CC Limit of Rs. 3.25 lakh from SBI, Kishan Pura Branch, Panipat. The account became NPA by amount of Rs. 3.50 lakh approximately due to heavy trade losses in the industry. Even then, Rs. 3.69 lakh were deposited in the bank against NPA Account. The amount was arranged from the PF Account of the Proprieter's father.

Inspite of repeated requests in due time period to close the account , the property has not been released as yet and the account is open till now. Mr. Taneja, AGM of the said bank did not entertain any plea made. The borrower even approached DRT, Chandigarh to close the account,( where the case is still pending). Agitated by this move, the bank filed a recovery shoot in Civil Court. Finally, Krishna Handloom approached us (Haryana Veopar Mandal). We made a written request to Lead Bank Manager, Panipat Distt. to get the account closed by taking due amount,if any. LDM assured to absolve the matter within 5 days and accepted the fault of SBI prima facie and approched the AGM, SBI to solve the problem. But, almost 20 days have passed and no reply has been recieved as yet.

I, President, Haryana Veopar Mandal therefore request the honourable authorities to solve the matter as early as possible and take a penal action against the faulty officers and help the plaintiff party to recover the claim for losses due to the destruction of the material locked in the factory by the bank. Kindly revert back soon.

Thanking You.

Roshan Lal Gupta.
President-Haryana Veopar Mandal, Panipat.