Something so basic, drags on....

The bank moved DRT which was slipshod in description and unsubstantiated in claim. It contains no details of how the liability was arrived at.

I used this illustration to brief the Advocates on how basic this is and have used the same illustration in the letter sent to the Governor, RBI.




The petition filed at the DRT for a comprehensive statement of accounts has been very very slowly progressing with the Presiding Officer not posted in DRT Coimbatore during a 2 year period, petition dismissed once without our knowledge, dismissed again after a year, taken to DRAT, won the appeal with a directive to readmit the petition at Coimbatore and when filed again, all cases at DRT Coimbatore were moved to DRT Madurai. As on April 9, 2007 the DRAT's some what favorable order has not been taken up by the DRT, because of the delays in the jurisdictional realignments within DRT.

It is more elaborately narrated in my email to the Advocate.

This has taken 5 years .... Just the process of petitioning (unsuccessuly) for a statement of accounts to show how the liability was arrived at.

Now [june 2008] I hear from my Advocate that it came up for hearing on May 2, and an order was passed on May 9 by the Presiding Officer to dismiss the petition.


..

Letter sent to the Governor, RBI, now open

In follow up of the instablog article “An Entrepreneur, a faceless and unseen Ogre, an incredibly reluctant authority and non existent justice” published on April 1, 2008, (which appears taken down), the letter to the RBI Governor is now published on ScribD

Hope this reaches the Governor, RBI, if it still hasn’t.

The letter is embedded below, if the document is not visible, or takes time to load, please read it from https://www.scribd.com/fullscreen/3246680?access_key=key-18iig6a6sip1qa0rb8wo

letter to the Governor, Reserve Bank of India by Sivasubramanian Muthusamy on Scribd