Spread the love

By Our Reporter

The officials in the financial institutions are exploiting investors and occupying collaterals of the industrialists in different ways just for personal gains.

For example, the government-owned Rastriya Banijya Bank has issued an auction notice through the Debt Recovering Tribunal by devaluating the land price and also, the total area of the land.

Industrialist Brij Gopal Inani had taken loans to run the Mahalaxmi Garment Industries in Tahachal by giving collateral land and buildings in various locations in Kathmandu.

The Debt Recovering Tribunal has published an auction notice of land belonging to Brij Gopal Innani in front of the Grand Hotel in Soalteemod, Tahachal as 11 aanas 1 paisa, when in fact the actual area of the land put in auction is around 20 aanas. 

The Kitta No. 639 and 642 were incorporated into Kitta No. 204, as per the records of the Land Survey Department, after kitta-kat (plot division) of Kitta 204 by the Land Revenue Office Kalanki, Kathmandu on 2065-11-26, the land is registered as Kitta No. 213 of area 631.64 sq. meter (around 20 anna) under the ownership of Brij Gopal Innani. Rastriya Banijya Bank was informed about the same by the Land Revenue Office on Falgun 28, 2065. 

The question is why the Rastriya Banijya Bank intends to auction it as only 11 aana of land and without any valuation of the building in the property, it is suspicious.

The estimated market price of the property is approximately 15 crore rupees, while it is put in auction for only 4 crore 50 lakhs rupees.

While auctioning the property, the Bank should have evaluated the present market price of the land in accordance of the loan recovering regulations, 2059. The Bank and Tribunal have not followed the regulations.

Here, both the Bank and the client are going to be deceived if auctioned the land without evaluating the present area of the land and also the present market price.

Inani, the victim, has requested the governor of the Nepal Rastra Bank to draw his attention to the error and not to auction the collateral without evaluating it at the present market price and the proper measurement according to the Land Registration Office’s certificate.

At a time, when the government is urging foreign investors for FDI, the officials in the financial institutions are trying to cheat the industrialists.