Sunday, July 6, 2014
Saturday, July 5, 2014
Hand Broom Lotus
Destiny of POOR and LOVE by Satnam Singh Sidhu BC
DON'T BE SHY TO BROOM YOUR FLOOR
DON'T BE SHY TO BROOM YOUR FLOOR
TAKE THE BROOM AND SWEEP YOUR FLOOR
EXTEND YOUR HAND AND HOLD THE BROOM
LET YOUR HAND HOLD THE BROOM
HOLD THE BROOM IN YOUR HAND AND
DON'T BE SHY TO BROOM YOUR FLOOR
FLOOR IS SLIPPERY FLOOR IS DIRTY
FLOOR IS LITTERED FLOOR IS FILTHY
FLOOR IS THE BASE FLOOR IS THE GROUND
FLOOR IS THE START FLOOR IS THE SKY
IF YOU ARE CORRUPT AND CRIMINAL IN MIND
TAKE A STEP ONE AT A TIME
CLEAN YOUR THOUGHTS THAT WILL CLEAN YOUR MIND
CLEAN YOUR MIND THAT WILL CLEAN YOUR CRIME
CLEAN YOUR CRIME THAT WOULD BE NICE
DON'T BE AFRAID TO BROOM YOUR MIND
FLOWERS ARE BEAUTIFUL FLOWERS ARE NICE
FLOWERS ARE FRAGRANT FLOWERS ARE GUIDE
GUIDE YOUR HAND TO BROOM YOUR MIND
DON'T BE SHY TO TAKE ONE STEP AT A TIME
MIND YOUR ACTIONS MIND YOUR THOUGHTS
CLEAN YOUR MIND ONE STEP AT A TIME
BROOM YOUR MIND CLEAN YOUR HANDS
HOLD THE LOTUS WITH A PRIDE
HAND IS HAND BROOM IS BROOM
LOTUS IS LOTUS CRIME IS CRIME
CORRUPT IS CRIMINAL CORRUPT IS WEAK
CORRUPT IS DEAD IN HIS MIND
TAKE THE BROOM IN ONE HAND
TAKE THE LOTUS IN OTHER HAND
TOGETHER YOU THREE ARE FREEDOM OF LIFE
APART YOU THREE ARE DEATH OF LIFE
LONG LIVE INDIA LONG LIVE WORLD
LONG LIVE TOGETHER LONG LIVE LIFE
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Indian Banks facing legal hurdles while recovering bad loans and I would like to add one more reason to the list..
Borrowers may show fake assets to banks for securing loans to run their businesses.
Recently, a huge discrepancy in bank loan advanced to Pritpal Singh Arora s/o Bhagat Singh Arora 79A The Mall Amritsar have come to my limelight.
Mr Arora secured loan in 2008 against a property in Bala Chak, Amritsar from Bank of Baroda which is not in his possession. The loan amount financed by bank was way higher than the collector rate of the property.
How a loan amount higher than collector rate of land was secured is, still a mystery.
Even further the possession of land was shown to bank on a different property by Mr Arora which is situated in different village and that vacant property belongs to Punjab Government. Land physical location verification and land evaluation was performed by bank on that Government owned property.
Why bank failed to identify the actual physical location of land, the actual collector rate of the land, the real possession of the land is highly questionable!
But this is just part of the story. The blunder mistakes or fraud of bank and frauds of borrower are just the beginning.
The borrower failed to pay his loan payments promptly and Bank of Baroda, Partap Nagar, Amritsar issued public notice in first week of June 2014 for eAuction on July 10th 2014.
When one of the bidder approached the bank regarding details about the property, the bank chief manager, Sarabjit Singh provided them the required documents and also sent bank officer Mr Sharma and Recovery agent Mr Mangal Singh Sandhu with the bidder for site inspection.
Again the wrong property was shown by the bank officials to the potential bidder. I mean the government property situated in village Varpal, Amritsar.
The potential bidder firm, PIMC agent Gagan asked bank chief manager for the clarification for the discrepancy.
Chief manager refused to give any clarification. The MD of PIMC, Sahibjit Singh Sandhu, has asked for the clarification from the DGM, H S Sidhu of Bank of Baroda in Jallandar.
The last date for bid is July 8th 2014. So far Sahibjit Singh Sandhu have not received any clarification.
Question is how come a reputable bank such as Bank of Baroda can make such a big mistake of auctioning a government property.
Even though bank made a blunder mistake in their initial loan approval procedure by evaluating a wrong property but question arises who authorized the bank to auction the wrong property.
Isn't it bank misusing the power bestowed to them by SARFAESI ACT
For detailed documentary evidence contact atsweetcanada@gmail.co
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