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Home :: Pune News

Disputed NIBM property valued at Rs 10 crore

 

April 25, 2007

Pune News: Prime property admeasuring 48,000 sq ft (1.5 acres) in an upmarket part of the city made popular by the name of the National Institute of Bank Management is at the centre of an ugly dispute between the institute itself and city-based businessman Ali Daruwala. Considered

a virtual jungle till a few years ago, the NIBM land that is under dispute is now valued at around Rs 10 crore. The NIBM is located on a huge spread of over 60 acres of land, on a 99-year lease.

 

It has been only three days since a 100-strong mob pulled down the institute walls using a bulldozer and the city police seem to have come to the conclusion that the premier bank institution is at fault, saying it is NIBM that encroached on land owned by Daruwala family. The basis of this conclusion by the police is that NIBM has been unable to produce relevant documents on property ownership unlike the local businessman, who runs a city petrol pump and is the spokesperson for Pune Petroleum Dealers’ Association.

Assistant Commissioner of police (Wanavdi Division) Ramesh Biwal told Newsline, “Immediately after the incident, we had asked both parties to show their bonafide property documents to us. Daruwala came to us and showed the relevant documents, which show that he is the legal owner of the property whereas none from the NIBM has come to us. The institute officials informed us that all relevant documents were with the Reserve Bank of India. We have asked Daruwala to go to the court and get the 

encroachment vacated from his land and will not permit him to take law into his hands.”

NIBM director Ashish Saha had another take on the matter though. “I have land ownership proof which will be produced in the court. Why should I go to the police? Daruwala is taking law into his hands. This is complete goondaism. The incident will put the government in a major international embarrassment as the institute has International Monetary Fund (IMF) money invested in it. All I expect is the police to restore the status quo as on April 20,” Saha said.

Daruwala reiterated that the disputed property belonged to his family and the NIBM had encroached on his land. “The property in survey number 22/2B in the name of Daruwala family and in our possession. We have furnished all the relevant property documents before the authorities. NIBM has encroached on our land and wants to grab the entire piece of land. The 7/12 extract, property card index, PMC tax receipt, ULC order are all in the name of my family.”

Saha is skeptical as to why a dispute on land ownership has surfaced a good 28 years after the institute was set up. “What was Daruwala doing all these years as the NIBM was set up in 1979. It seems that he has suddenly woken up and started claiming ownership of our land and this is illegal. Let him get the court to decide on the matter,’’ Saha said.

Nearly 100 men armed with pickaxes allegedly bulldozed their way inside the NIBM campus in Kondhwa around 6.30 pm on Saturday, broke the wall and erected a barbed wire fence before police could intervene in the matter.

 

by http://cities.expressindia.com

 
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