Dena Bank — proportionate reduction of hl liability due to removal of part flat area

Address:

Indore, Madhya Pradesh, 452009

I had availed housing loan of rs. 7.50 lacs (Hl a/c no.[protected] in the year 2003 for purchase of flat no. 501, agrawal tower, 68/1, lodhipura (Biyabani main road), indore admeasuring super built-up area 800 sq. Fts. And open terrace admeasuring 1200 sq. Fts.

In this connection i would like to inform that under the scheme of "smart city plan" announced by central government, indore municipal corporation, indore has widened the road having width of 80 fts. This has resulted the removal of 22.796 fts. (6.95 mtrs.) plus hanging of 3 fts. = 25.796 fts length x 28.208 fts (8.60 mtrs) - width, thus total area admeasuring 727.65 sq. Fts. Of the building - agrawal tower. My flat is situated in this building which has affected by aforesaid demolition.

In this connection, i would like to inform that:-

A) after removal of my said property, the securities mortgaged with you has deteriorated. The said matter was informed you on 10.03.2016. Copy of the letter is enclosed. However no efforts seems to be taken by you against forced action initiated by central/state government.

B) the insurance was taken for the said property (Period of insurance 07.12.2011 to 06.12.2021) from united india insurance company limited. We had written a letter to the said insurance company on 04.04.2016 under copy to your bank. The surveyor of the insurance company had inspected the site but nothing has been heard from them till date. It seems that no efforts seems to be taken by you with the insurance company.

In view of above i again request to reduce the proportionate liability of housing loan.

This is for your immediate action under intimation to me.

Thanking you

Yours faithfully

Sd.
Ashok porwal
(Legal heir of shri ram karan porwal)