100 Acres Sold for Just ₹1.5 Crore?! Judge Left Stunned in Court!

[00:00:00]Sir, don't don't make a fool of yourself and your client your value 100 acres of coffee plantation for 1 and 1/2 crores.

[00:00:08]Anybody will buy sir. Hello kitty nobody has checked the valuation. DRT has not checked the valuation. Nobody has checked the valuation. It is only here the valuation is being seen.

[00:00:21]Sir, it cuts at the root of the matter.

[00:00:23]You take it anywhere you want. No problem. It cuts at the root of the matter. I mean this matter to file my mother.

[00:00:30]Lord, two weeks time tell me all the valuations done by this time trying to procure money in my bank. I have my Yes.

[00:00:51]Lord, sir as a matter of fact there is an aggravated perjury. Just I'm putting him on on guard. What happens in order to shield himself of the perjury already committed, he filed an affidavit saying that it is a dry land.

[00:01:07]Then we had to go through the report which has been filed by him.

[00:01:12]The report it shows the yield is 1515 15 quintals of cardamom. And the annual yield is so much.

[00:01:23]He gives that it is 5 crores 5 crores when the cup of war comes to the brim, this is what happens.

[00:01:33]Lord, the report is along with the repetition.

[00:01:37]And actually the page 48. Hello, this court on 972026 had passed the following order. Detail order there.

[00:01:46]And directed the matter to be listed on 272026 for further hearing.

[00:01:53]The matter is listed today only for uh listed today to the learned senior counsel, the Ravi Shankar would spring another surprise.

[00:02:09]The learned counsel for the respondent bank, Vignesh Shetty on the on the previous date of hearing on instructions or verification of the records as the case would be had made a submission that the land that was valued i.e. a coffee plantation of 40 acres, Alah?

[00:02:31]>> 39 acres.

[00:02:32]>> of 39 acres at 63 lakh rupees was a dry land, neglected land, and therefore nothing beyond 63 lakhs, nothing could have been valued. But the land was sold at 93 lakhs at 90 lakhs. Sold at 90 lakhs, which is beyond the reserve price that was indicated by the bank.

[00:02:56]Today, the learned senior counsel takes this court through a document.

[00:03:01]>> Let's annex your DP 48.

[00:03:03]>> to demonstrate that the land that the bank projected to be a dry land to justify its abysmally low sale is not a dry land, but >> It's a cardamom plantation.

[00:03:15]>> which has 15 quintals of cardamom grown in the current year.

[00:03:22]Therefore, this is yet another falsehood submitted before this court by the bank.

[00:03:28]>> The bank of >> of by the valuer by the valuer >> Para seven of his affidavit.

[00:03:33]>> Yeah, yet another falsehood submitted by the valuer that he was forced to value the land at 63 lakhs because it had completely gone dry.

[00:03:43]The document speaks otherwise. Therefore, it is the it is a case of committing aggravated perjury on the already committed perjury by the valuer.

[00:04:18]No problems.

[00:04:20]One more thing, I'll Cardamom is not valued.

[00:04:27]Don't worry.

[00:04:30]I just point out one more thing, my lords.

[00:04:34]I just place one more thing.

[00:04:42]The first sentence in para seven. I wish to place on record that notwithstanding the Aranya statement regarding my authorization, the actual valuation of the subject property property was conducted by me treating the property as a rain-fed, vacant, stroke dry land.

[00:04:55]That's what he has said in his affidavit. Now, in the page number 49, he says irrigation facilities.

[00:05:04]There There are uh four options: canal, well, bore, rain-fed. He says it's an irrigation pond.

[00:05:13]Contradiction.

[00:05:14]>> Yes.

[00:05:15]And >> Anyway, the learned senior counsel had also submitted the affidavit so filed was full of contradictions. Be that as it may, as observed hereinabove, appropriate orders would be passed on the said application referring the matter to the contempt bench or initiating proceedings for perjury against the uh valuer. It would be only after the learned counsel Vignesh Shetty places on record the other valuations done by with the Canara Bank by the very valuer.

[00:05:47]Yet another circumstance that uh is necessary to be noticed is the subject land which is 39 acres is valued at 6 39 acres of coffee plantation >> Cardamom plantation.

[00:06:01]>> Cardamom plantation in Beltangady is a little >> It is in Bhagamandala.

[00:06:06]>> In Bhagamandala, sorry. In Bhagamandala is valued at 63 lakhs. The adjacent land other cardamom Adjacent land of coffee plantation of 100 acres is valued at 1.5 crores.

[00:06:22]Nothing can be appalling than this at the hands of the valuer whom the Canara Bank has employed to value the property and sell it away on this score that the surface he proceedings are initiated against those borrowers.

[00:06:37]Therefore, if land of 100 acres could be sold at 1.5 crores, the matter would require a deeper consideration and investigation. Therefore, the learned counsel uh Vignesh Shetty to secure the revaluation done by this valuer with Canara Bank positively by the next date of hearing failing which adverse inference would be drawn against the bank. List the matter on 30th at 2:30 p.m. for the hearing.

[00:07:07]>> Please note. 2 weeks later any date note >> Correct. The 7th August for further hearing.

[00:07:15]>> Please note.

[00:07:16]>> Yes.

[00:07:17]Interim order subsisting will continue to the next date.

[00:07:21]>> Don't worry. Para number three.

[00:07:26]>> Admit my company so little bit of Indian butter.

[00:07:28]>> They scapegoat my lord.

[00:07:30]>> Scapegoat? Bank has made you a scapegoat.

[00:07:32]>> Yes, my lord.

[00:07:33]>> Petitioner Allah.

[00:07:34]>> Petitioner is just attacking me.

[00:07:36]>> What else can he do?

[00:07:37]>> I am dry land and I am a man.

[00:07:39]>> A person who is a person whose property is sold for a song will attack you and will attack everybody. You should be ready. Correct the defense.

[00:07:49]I would have to tell you that you are selling it in the market.

[00:07:52]You have no valuation qualification.

[00:07:55]Valuation money can drop bank and yes property over here no no no no.

[00:07:59]Early early let her out here but Yes.

[00:08:02]>> If only property for which this value at this employed then it is more suspicious.

[00:08:07]>> It is more dangerous.

[00:08:08]>> [laughter] >> One minute. One one one minute and you hide and seek buddy.

[00:08:13]You really No acre. Coffee total one to one crore you are market value valuation you are other.

[00:08:22]2023 early Government guidance value oh ho.

[00:08:28]It is a surface loan could be carried government guidance value not the market value not the other.

[00:08:34]And not go to the loan.

[00:08:36]Mother Sir Don't don't make a fool of yourself and your client your value. No no acre no no one to one crore you are market value You love the India.

[00:08:50]100 acres of coffee plantation for one and a half crores.

[00:08:53]Anybody will buy sir.

[00:08:56]I don't know I heard the other could put in the >> [laughter] >> Double straight off.

[00:09:04]For what?

[00:09:06]No problem. You love the India you are you are other. Nobody has checked the valuation. DRT has not checked the valuation. Nobody has checked the valuation. It is only here the valuation is being seen.

[00:09:18]Don't worry I don't know I don't know.

[00:09:21]Sir it cuts at the root of the matter. You take it anywhere you want no problem. It cuts at the root of the matter.

[00:09:28]No one crore coffee no one to one crore market value you are other.

[00:09:31]No acre coffee no what is this?