E mail on 3-6-2005 to Oriental Bank of Commerce

ERSTWHILE GLOBAL TRUST BANK ON CG ROAD -AHMEDABAD GIVING FRAUDULENTLY LOAN OF RS 12.5 CRORES TO CORE HEATLH CARE BY CREATING CHARGE ON IMMOVEABLE PROPERTY LOCATED NEAR PARIMAL CROSSING -AHMEDABAD

pankaj mody

Fri, Jun 3, 2005 at 8:35 PM
Reply-To: pankaj mody
To: cmd@obc.co.in,

akmishra@obc.co.in,

rh_ahm@obc.co.in,

edp_ahm@obc.co.in

Cc: dbsahmedabad@rbi.org.in,

dbshyderabad@rbi.org.in,

dbsnewdelhi@rbi.org.in,

hcguj@guj.nic.in,

helpahmedabad@rbi.org.in

From:-
Pankaj S Mody
Janmangal Flat
40 Brhaman Mitra Manda Society
Ahmedabad 380 006

cmd@obc.co.in,

2)
MR. A.K. MISHRA , GENERAL MANAGER (VIGILANCE)
NEW DELHI,
Email : akmishra@obc.co.in


3)
THE REGIONAL HEAD
ORIENTAL BANK OF COMMERCE
CHANAYKYA , 4TH FLOOR, NEAR DINESH HALL
OFF ASHRAM ROAD
PHONE: 26587539,26585830, FAX 26589456
Email : rh_ahm@obc.co.in , edp_ahm@obc.co.in

4)
Erstwhile Global Trust Bank
G-2 SAMEDH, NEAR ASSOCIATED PETROL PUMP
C.G. ROAD
AHMEDABAD
PHONE : 91-79-26405595, FAX 91-79-26405597




Sir,


SUBJECT:- GTB BRANCH ON CG ROAD IN AHMEDABAD EXTENDING OF TERM LOAN OF RS 12.5 CRORES TO CORE HEALTH CARE BY CREATING CHARGE ON IMMOVEABLE PORPERTY UNDER SIGNATURE OF JATIN JALUNDHWALA


1. This is in reference my earlier emails addressed to OBC FROM time to time for charge created by GTB for Rs 12.5 crore. You have failed to give satisfactory and transparent detailed reply to my emails deliberately. The earlier emails are adduced herewith. Kindly send fax to the branch located on CG Road in Ahmedabad immediately.

2. I would like to draw your attention that the next date for criminal defamation case 3326/99 is fixed on 15-06-2005 in the Metropolitan Court 22 at Meghaninagar. Kindly furnish detailed reply to the points referred in paragraph 5 of the present email show as to show your intentions and transparency in your dealings. Core Healthcare and Jatin Jalundhwala has failed to attend the Metropolitan court in December 2004 , March 2005 and April 2005 which shows that charge created by Jalundhwala was fraudulent.

3. In case , you fail to furnish details to the undersigned , then you are openly accepting that the creation of charge on Rupmanglam Investment Pvt Ltd property was done fraudulently and you have decided to encroaching on my rights of the immoveable property illegally and shamelessly with a deliberate intention to steal and grab the property and OBC management confirms that it is in collusion with management of GTB , Core Health Care and Sushil Handa and does not have any defence for the fraudulent acts.

4. Once again you are called upon to furnish a detailed reply to the present e mail as well as earlier emails to the undersigned while marking a copy of your detailed reply to the Gujarat High Court as well as Department of Banking Supervision simultaneously immediately on receipt of the present email but not later than evening of 7 th June 2005. The present email is being presented to the Judiciary as well as other crime investigating agencies.





5. Kindly furnish detailed reply to the following to start with :-


(a) That GTB has failed to furnish documentary evidence as to how Mr. Jatin Jalundhwala and Mr. Ameet Sesai continue as directors of Rupmanglam Investment Private Ltd after EXPIRY OF TERM AS ADDITIONAL DIRECTOR .GTB has failed to furnish any search report from ROC that the additional directorship of Jalundhwala and Desai stands renewed with written consent of Mody family directors and GTB management cannot plead ignorance that they do not know about such basic understanding while sanctioning facility.


(b) The copy of title deed register furnished to the court commissioner and the memorandum of entry furnished to the undersigned does not reflect any supporting documentary evidence that Mody family members have CEASED TO be directors of Rupmnglam Investment Pvt Ltd.


(c) The copy of title deeds registar and Memorandum of Entry furnished by GTB does not reflect ANY supporting evidence that Jatin Jalundhwala and Ameet Desai are SOLE, EXCLUSIVE directors of Rupmanglam Investment Pvt Ltd.


(d) That GTB has failed to include certificate from the auditors of Rupmanglam (Kashiparekhs ) that Ameet Desai and Jatin Jalundhwala are the SOLE Directors of Rupmanglam to create charge on immoveable property of Rupmanglam.


(e) That GTB has failed to furnish their internal appraisal report showing documentary evidence that Dhanyusha Financial , Jalundhwala and Core Health Care has received written confirmation from the ESCROW PERSONS CONSISTING OF Soparkar and Kashiparekh (as referred in the MOU ) that they have officially have handed over simultaneously all the documents as well as physical possession after obtaining no objection certificate from various mody family members including Pankaj Mody as far as property owned by Rupmangalam and Flovin .

(f) That GTB has failed to obtain concurrence from the auditors of Rupmangalam that Jalundhwala has all necessary authority and power to create charge on behalf of Legal shareholders and legal directors of Rupmangalam Investment Pvt ltd and such concurrence is not reflected in the tittle deeds register furnished by GTB to the court commissioner and the same is not reflected in copy of memorandum of entry furnished to Pankaj Mody .


(g) That GTB has failed to show any documentary evidence in title deeds registar as well as Memorandum of entry that the stay of Revenue department has been lifted at the time of creation of charge in March 1999.


(h) That GTB has failed to deposit original sale document in favour of Shri Parbhulal Bhikhabhai Shah with the authorities while creating charge of Rupmangalm and Flovin confirming that charge creation was fraudulent.


(i) That GTB at the time of creation of charge has failed to adduce (i) sale deed document between Rupmnaglam and Dhanyuhsya that constructed portion of bunglow exclusively belonging to Rupmangalm has been sold to Dhanyushya (ii) sale deed document between Rupmanglam and Flovin that constructed portion of bunglow exclusively belonging to Rupmangalm has been sold to Flovin.


(j) That GTB has failed to furnish documentary evidence that GTB HAS thoroughly and minutely verified own their own that Span Medicals is the sole and exclusive legal owners of Final Plot 768/10 instead of blindly believing on any certificates.


(k) That GTB has failed to give any reasoning as why the sanction of loan was enhanced from Rs 11 crores to Rs 12.5 crores within six months.


(l) That GTB has failed to give reasons as to why they chose to give loan to Core Healthcare especially when the balance sheet of Core Health care depicted that one another bank had filed case against Core health care and the Core health care was already facing liquidity problems.


(m) That GTB has failed to give any explanation as to the reason why they wanted to extend facility to Core Healthcare with support of Jalundhwala when Core Healthcare extended approximately Rs 39 crores non-interest bearing loan to its subsidiary Technology Finance with Jalundhwala as its director .


(n) That GTB and OBC has failed to prove the legality of creation of charge by compelling Core healthcare and Jalundhwala and GTB officials to adduce necessary evidence in the criminal defamation case 3326/99 in light of correspondence from time to time.


(o) That GTB has not furnished detailed INTERNAL findings and written statements in light of letter addressed to them on 24-7-99.

PLEASE SEE THAT YOU ACKNOWLEDGE MY EMAIL FORTHWWITH AND ALSO GIVE DETAILED REPLY 7TH JUNE 2005.

Yours sincerely,


Pankaj S Mody


---------- Forwarded message ----------

From: pankaj mody <modyps@gmail.com>

Date: May 5, 2005 4:28 PMSubject: ERSTWHILE GLOBAL TRUST BANK ON CG ROAD -AHMEDABAD GIVING FRAUDULENTLY LOAN OF RS 12.5 CRORES TO CORE HEATLH CARE BY CREATING CHARGE ON IMMOVEABLE PROPERTY LOCATED NEAR PARIMAL CROSSING -AHMEDABAD

To: rh_ahm@obc.co.in, edp_ahm@obc.co.in , helpahmedabad@rbi.org.in, rbbarman@rbi.org.in, cmd@obc.co.in, akmishra@obc.co.in, dbsahmedabad@rbi.org.inCc: hcguj@guj.nic.in, cvc@alpha.nic.in, pshome@gujarat.gov.in, suchetadalal@yahoo.com, manubhai_cerc@hotmail.com, sg@expressindia.com
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It is obligatory on the part of management of OBC to maintain clean , ethical transparent and honest approach and I therefore look forward to your detailed reply by email latest by 8 th May 2005 to me as well as to the Honourable Chief Justice of Gujarat High Court (reference email hcguj@guj.nic.in ) especially when GTB has not attended the court proceedings in Gujarat High Court pertaining to the Appeal from order 176/2003. I need to have detailed reply to the various points referred in the enclosure from the management of OBC latest by 8th May 2005 to the various points referred in the ANNEXURE A.
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