On the helpless situation

The Banking problem is coming to an end, but in the end is a forced solution. The bank managed to do everything at the DRT to have the IA for accounts - something which is a matter of very basic right - dismissed. There had been some dificulty continuing with the legal appeal process. The bank took advantage and moved to attach the property under a draconian legal provision known as Surfasi Act..This forces us into a negotiated settlement - ON THE BANK'S TERMS.. Discussions on the sale of property is on, but now it is seen as a distress sale... A completely helpless situation

The bank is rushing to take over the property pledged, which is [more] valuable [than the amount claimed by the bank]... What we are trying to do is to sell another property worth much more, but due to the perceived distress the value is not optimally realizable... On the other hand the bank, due to the fact that they could [handle] legal proceedings, acts with the upper hand, forcing us to offer an undue amount, unsubstantiated..

I wrote an article at Instablogs which is a sort of a journalistic blog portel. This created interest, but this is not enough from the media.

The legal framework is so much pro-bank..One is DRT - a court were banking disputes are heard... DRT is originally set up by a consortium of banks and the banks ( technically one of the disputing parties ) control the DRT.On top of that the Surfasi Act allows banks to take over any property pledged WITHOUT DUE AND PROPER LEGAL RECOURSE

I have been asking the bank how they arrived at the liability in the first place.

The real problem is that there is a lot of background harm happening that interferes with all my prospects. Venture capital funding for my new venture, and even spills over to my public activities by the adversity of all background records that have gone on record based on the superficial reports of a "suit-filed case" in banking.

The imbalance of the situation is that for me as an individual there has been so much at stake, while for the bank as a faceless corporation with the accountability for all this harm NOT attributable to any single employee, has been sitting tight completely refusing to acknowledge its role. so I wanted to fight in spite of every hardship that I had to go through

What is happening now that there is a forced situation. There is a threat of disgrace to the family, and against this threat whatever is done now is done in a manner that that an undue amount is paid out as a settlement and this money is raised by foregoing assets in a suboptimal manner. Together this has compounded the losses.