Canara Bank
Vacation of charge on Pvt Company with ROC
- 10-27-2010
- 198
We floated a private limited company in the name of M/s. KARNILA SYSTEMS PVT. LTD, GOKUL, HOUSE NO. 5033, CHEVARAMBALAM, CALICUT in the year 1998 and we had availed a mortgage loan from West Hill branch of Canara Bank which was closed some time in year 2002 as a one time settlement. The Company could not carry on business and had to close down.
The Canara Bank had furnished Form 8 (Document No. 6 dt 30.4.99, CO No. 09-12577 of 1998) to the Registrar of Companies, Kochi. Though the Loan was closed, the position was not reported to the Registrar of Companies and consequently the above said company continued as a defaulting firm. The ROC has now informed that they intend to initiate criminal proceedings. Unfotunately the details of payment made is not readily available with us
The bank was requested on 16.10.10 through a letter which was personally handed over to issue a certificate that “ all loan and credit facilities in the name of KARNILA SYSTEMS PVT. LTD with us have been closed and there is no loan or other credit facilities in the name of KARNILA SYSTEMS PVT. LTD with us as on date.
Despite promise to check records and issue the certificate, the Bank has not responded yet. The mobile calls being made to Mr. Ganesh of the Branch is not being received. We are living with fear of criminal proceedings and the bank overlooking the fact there has been a breach of trust in not vacating the charge on the company when agreeing to a one time settlement is not responding.
What is the best course of action to get out of the situation
Company: Canara Bank
Country: India
State: Kerala
City: Kozhikode