Date: 05/06/2018
To,
Dy. Governor,
Reserve Bank of India,
Urban Co-operative Bank Section,
Mmbai.
Subject:- For Cancellation of Licenses of Ramrajya Sahakari Bank Limited, Pune having Head Office P-7/8, Indiranagar, Upper Market, Bibwewadi, Pune-411037, for not paying amount of FD Receipts.
Applicant : Sahakar Bhavan (Pashchim Maharashtra) Pune
Plot No. E-2, Gultekadi, Marketyard, Pune-411037.
Sir,
The Applicant public charitable trust registered under Bombay public trust Act, 1950. It is associated with Pashchim Maharashtra Pradeshik Sahakari Mandal.
Mr. Hiraman Satkar was truss of the Applicant. Further his father was also trustee and Chairman of the Applicant. At that time Applicant has kept following amount in FD with the above bank. His brother Mr. Dilip Satkar is Chairman of the above bank.
Date Receipt No. Amount in Rupees Maturity Date
11/06/2011 12083 6, 73, 263/- 11/12/2012
07/11/2010 12084 1, 58, 389/- 07/02/2012
8, 31, 6 52/-
Thereafter in the elections of Pashchim Maharashtra Pradeshik Sahakari Mandal said Mr. Dilip Satakr and Mr. Hiraman Satkar have defeated and therefore Mr. Hiraman Satkar is no more trustee of the Applicant and not concerned with it.
Due to it said with political motive Mr. Dilip Satkar, Chairman of the bank is not allowing to withdraw those FDs from the bank and avoiding to make repayment of the same. Which is highly objectionable.
Therefore as per resolution the Applicant has against demanded said amount from the bank on 10/11/2016. It is communicated that now Smt. Vimaltai Ranganekar, ex MLA, age 95 years, is Chairman and Mr. Vasant Ghadage is Secretary of the trust. The Applicant also sent resolution of their signing authority of the Applicant dated 28/03/2003.
In fact it was obligatory upon the bank to refund the FD immediately on demand. However, by letter dated 06/05/2017 the bank asked applicant to submit application under signatures of old trustee the bank also asked copy of changed report and resolution old trustees. In fact the application was made by the Chairman and secretary of the trust and therefore insisting for resolution of old trustee is illegal.
Again by letter dated 15/05/2017 the Applicant demanded the amount. However by letter dated 13/07/2017 bank communicated that said Mr. Hiraman Satkar has objected about refund of amount as the change report of one trustee Mr. Pratap Patil is not approved by the Charity Commissioner and therefore till decision of the same bank will not refund and applicant to submit order of change report. In fact the amount was demanded by Chairman and Secretary of the Trust and the pending dispute about one trustee Mr. Pratap Patil is not concerned with the same. Further there is no any order against the applicant or their Chairman and secretary that they are restrained from functioning. Therefore insisting for the same is illegal. Further the Applicant has requested to just transfer said amount to another account of the Applicant and there was no any risk. However it is done with political motive.
The Applicant has complaint about the same with DDR and Commissioner for Co-operation on 04/08/2017 and 29/11/2017, however, of no use. The Applicant is suffering loss of interest due to it.
As per law the bank should not share any personal and confidential information of account holder to third party under secrecy. However in the present matter bank has provided secret information in third party Mr. Hiraman Satakar. Therefore bank it’s officers and office bearers are liable for action. Therefore the action is required to be taken against the bank, it’s Chairman and Managing committee and officers under Banking Regulation Act.
It is therefore prayed that
i) The above bank may kindly be directed to refund said FD amount with FD interest immediately to the Applicant.
Alternatively
ii) The action may kindly be taken against above bank, it’s Chairman and committee and officers of the bank.
or
iii) The banking licenses of the above bank may kindly be withdrawn.
Applicant
Date: 03/02/2018
To,
The Commissioner for Co-operation,
Central Building, Pune-411001.
Subject:- Complaint against Ramrajya Sahakari Bank Limited, Pune having Head Office P-7/8, Indiranagar, Upper Market, Bibwewadi, Pune-411037, for nonpayment amount of FD Receipts.
Applicant : Sahakar Bhavan (Pashchim Maharashtra) Pune
Plot No. E-2, Gultekadi, Marketyard, Pune-411037.
Sir,
The Applicant public charitable trust registered under Bombay public trust Act, 1950. It is associated with Pashchim Maharashtra Pradeshik Sahakari Mandal.
Mr. Hiraman Satkar was truss of the Applicant. Further his father was also trustee and Chairman of the Applicant. At that time Applicant has kept following amount in FD with the above bank. His brother Mr. Dilip Satkar is Chairman of the above bank.
Date Receipt No. Amount in Rupees Maturity Date
11/06/2011 12083 6, 73, 263/- 11/12/2012
07/11/2010 12084 1, 58, 389/- 07/02/2012
8, 31, 6 52/-
Thereafter in the elections of Pashchim Maharashtra Pradeshik Sahakari Mandal said Mr. Dilip Satakr and Mr. Hiraman Satkar have defeated and therefore Mr. Hiraman Satkar is no more trustee of the Applicant and not concerned with it.
Due to it said with political motive Mr. Dilip Satkar, Chairman of the bank is not allowing to withdraw those FDs from the bank and avoiding to make repayment of the same. Which is highly objectionable.
Therefore as per resolution the Applicant has against demanded said amount from the bank on 10/11/2016. It is communicated that now Smt. Vimaltai Ranganekar, ex MLA, age 95 years, is Chairman and Mr. Vasant Ghadage is Secretary of the trust. The Applicant also sent resolution of their signing authority of the Applicant dated 28/03/2003.
In fact it was obligatory upon the bank to refund the FD immediately on demand. However, by letter dated 06/05/2017 the bank asked applicant to submit application under signatures of old trustee the bank also asked copy of changed report and resolution old trustees. In fact the application was made by the Chairman and secretary of the trust and therefore insisting for resolution of old trustee is illegal.
Again by letter dated 15/05/2017 the Applicant demanded the amount. However by letter dated 13/07/2017 bank communicated that said Mr. Hiraman Satkar has objected about refund of amount as the change report of one trustee Mr. Pratap Patil is not approved by the Charity Commissioner and therefore till decision of the same bank will not refund and applicant to submit order of change report. In fact the amount was demanded by Chairman and Secretary of the Trust and the pending dispute about one trustee Mr. Pratap Patil is not concerned with the same. Further there is no any order against the applicant or their Chairman and secretary that they are restrained from functioning. Therefore insisting for the same is illegal. Further the Applicant has requested to just transfer said amount to another account of the Applicant and there was no any risk. However it is done with political motive.
The Applicant has complaint about the same with DDR and Commissioner for Co-operation on 04/08/2017 and 29/11/2017, however, of no use. The Applicant is suffering loss of interest due to it.
As per law the bank should not share any personal and confidential information of account holder to third party under secrecy. However in the present matter bank has provided secret information in third party Mr. Hiraman Satakar. Therefore bank it’s officers and office bearers are liable for action. Therefore the action is required to be taken against the bank, it’s Chairman and Managing committee and officers under MCM Act.
It is therefore prayed that
iv) The above bank may kindly be directed to refund said FD amount with FD interest immediately to the Applicant.
Alternatively
v) The action may kindly be taken against above bank, it’s Chairman and committee and officers of the bank.
or
vi) The bank may kindly be taken into liquidation.
Applicant
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