St. Vincent De Paul Church, 99 yr. leased property Attached : Trustee unaware !

Bank seals Mahabharat director’s bungalow
Vishwas Waghmode

 

Film-maker Ravi Chopra’s Khar bungalow has been attached by a private bank for not repaying a Rs3.52-crore loan.
Ravi Chopra, son of film-maker BR Chopra, had directed the Mahabharat television series.

“On May 9, the bank officials sealed the property saying that the owners could not repay the loan,” said a security guard at the bungalow located in Garden Homes in Khar (West).

According to the notice, Kotak Mahindra Bank had issued a demand notice to the borrowers on January 17, to repay Rs3.52 crore (as on December 31, 2011, with further interest and other charges till payment) within 60 days. The borrowers include BR TV, a registered partnership firm, and its partners Ravi Chopra, his wife Renu, sons Kapil and Abhay and Ravi Chopra (HUF) and BR Chopra (HUF).

An official from BR Films refused to comment on the issue.

The land on which the Rs5-crore bungalow located in Garden Homes in Khar (West) stands I belong to the St Vincent De Paul Church. “We have given the land on a 99-year lease to the St Vincent De Paul’s CHS. We are not aware of any property attachment over there. Even the bank officials did not inform us,” said a trustee, who did not want to be named.

The bank has attached the property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 and The Security Interest (Enforcement) Rules 2002.

Rohit Rao, head of corporate communications of Kotak Mahindra Bank, said: “We will respond you shortly.”

Published Date:  May 16, 2012

 

Blog :  http://www.silentmaj.wordpress.com

 

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