See Full Document Text
«±ÉÃμÀ gÁdå ¥ÀwæPÉ
¨sÁUÀ– 3 (cid:88)ಂೆ ಗಳೂರು, ಶುಕರ್ವಾರ ,20,ನವೆಂಬರ್, 2020(ಕಾತಿರ್ಕ, 29, ಶಕವಷ ೧೯೪2) £ÀA.567
Part– III Bengaluru, FRIDAY,20,NOVEMBER,2020( Karthika,29, ShakaVarsha 1942) No. 567
GOVERNMENT OF KARNATAKA
NO: RD 20 GRC 2017(P-2) Karnataka Government Secretariat,
M.S. Building
Bengaluru, Dated: 19.11.2020.
NOTIFICATION
Whereas, upon report of the Investigation agency Central Bureau of Investigation (CBI) after due investigation
of the complaint of depositors, it has come to the notice of the Government by Special Officer and Competent
Authority IMA, that the M/s I Monetary Advisory (IMA) and its group entities are involved in fraudulent
transactions by clandestinely and illegally collecting deposits or money from the general public and thereafter have
failed to return the same either after maturity or on demand made by the depositors or complainants with promised
interest and other assured benefits and hereby failed to render the services promised to them.
And whereas, it has further come to the notice of the Government that M/s I Monetary Advisory (IMA) and its
group entities and people associating with them have been acquiring lands, movable and immovable properties,
cash and others from and out of the deposits or money so collected, from the depositors or complainants and
thereby deviating from the intended purposes of accepting the deposits or money.2
And whereas, the Government has reason to believe that the actions of the M/s I Monetary Advisory (IMA) and
its group entities and people associating with them are acting in and detrimental to the interest of the depositors or
complainants whose intention was to defraud the innocent depositors, and it has become necessary to protect the
interest of the depositors of the M/s I Monetary Advisory (IMA) and its group entities.
And whereas, now the Government after considering the report of the Competent Authority and satisfying itself
about the urgent need to protect the interest of the depositors and in exercise of the powers conferred by sub-
section (2) of Section 3 of the Karnataka Protection of Interest of Depositors in Financial Establishment Act, 2004
(Karnataka Act 30 of 2005) hereby makes the following order, namely:
“ORDER’’
Now therefore, in exercise of the powers conferred by sub - section (2) of Section 3 of the Karnataka
Protection of Interest of Depositors in Financial Establishment Act, 2004 (Karnataka Act 30 of 2005), the
Government under the circumstances stated above having satisfied that in order to protect the interest of
depositors it is necessary to attach the movable property believed to belong to M/s I Monetary Advisory (IMA) and its
group entities. Therefore, the Government hereby attaches the movable properties as specified in Annexure to this
order believed to have been acquired by the M/s I Monetary Advisory (IMA) and its group entities either in its own
name or in the name of any other person from and out of the deposits collected by the M/s I Monetary Advisory (IMA)
and its group entities and where it transpires that such money or such other properties of the said financial
establishment, or the personal assets of the promoters, partners, directors, managers or members or any other
person of the said financial establishment is not sufficient for the repayment of the deposits or interest or such
other assured benefits to the depositors.
Note: All the aforesaid movable property, from the date of publication of this order in the Official Gazette, shall
forthwith vest with the Competent Authority, who has been appointed by the Government, pending further orders
from the Special Court.
By Order and in the name of the
Governor of Karnataka
(Vijay. D.S)
Under Secretary to Government
Revenue Department (Special Cell)3
List of Seizure of Medical Equipments belonging to private persons who had entered into
lease/rental agreements with IMA & its group entities.
Annexure
Sl Description of Owner of the property The relevant Market value Remarks
No property document
a) As per Lease Deed
I Monetary Advisory
Counil (R) a registered
society having its registered
office at No.56/5, 2nd
floor,Nandi Complex,
a) The moveable
Bowring Hospital Road,
a) The moveable properties like
Shivaji Nagar, Bangalore- a) Moveable items
properties like Medical Equipments,
560001.with directors stored in this premises
Medical Equipments, furniture, Electronic
1.Mr.Mohammed Masoor like Medical
furniture, Electronic a) Registration Equipments, Air
Khan Equipments, furniture
Equipments other Certificate No: conditioners other
2.Mr.Nasir Hussain Electronic Equipments
1 items etc lying at DRO/SIN/SOR/58/14- items etc are being
3.Mr.Naveed Ahmed Air conditioners etc
FrontLine Hospital, 15 dated:19-05-2014 Auctioned and
4.Mr.Vijaya Raghavan have been valuated for
No. 07 Venkataswamy disposed off with the
5.Mrs.Afshan Tabassum Rs.2,08,52,000/- by
Naidu Road, Tasker permission of the
6.Mr.Parveez Nissar Beig authorized valuators.
town, Bengaluru. Hon’ble Special
7.Dr.Tanveen Ahmed Khan
Court orders
8.Dr.(Mrs)Syeda
Fathimunnissa
9.Mr.Arshad Khan
10.Mr.Afsar Pasha
11.Mr.Nijazamuddin
AzeemuddinR.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19
Licensed to post without prepayment WPP No. 297
4
b) 1) M/s SkylarkMansions
Pvt ltd., a company having its
registered office at Skylark
Chambers, No.37/21,
Yellappa Chetty Layout,
Ulsoor Road, Bangalore-
560042, Represented by its
managing director Mr.Saleem
Sheriff
(b) The lease
b) The Security (b)The security
2) Mrs.Shamshad Begum and
agreement document
advance deposit P.Muzamil Basha,both deposit amount is
no:
Rs.12,00,000/-given at residing at No.09, M.R Street, b) 12,00,000/- available with the
1 IN-
the stage of leasing of Parmanbut, North Arcot owners of the
KA36715049633023P
this property premises. District, Tamil Nadu, premises
Dated:22/05/2017
3)Mr.H.B Abdul Azeem,
residing at No.10, Serpentine
Street,Richmond Town,
Bangalore-560025,
4)Mr.K S Dakhina Murthy
and Mrs.Sushmita
Bhattacharjee,both residing at
Flat No.107, Sapphire Nest,
No.113, Jagadish nagar,
Bangalore-560075
1. valuation is subject to Auction process.
2.Auction confirmation is subject to Honb'le special Court order
(Vijay D.S)
No.RD 20 GRC 2017p2
Under Secretary to Government
Revenue Department (Special Cell)
ಮುದರ್ಕರು ಹಾಗೂ ಪರ್ಕಾಶಕರು:- ಸಂಕಲನಾಧಿಕಾರಿಗಳು, ಕನಾರ್ಟಕ ರಾಜಯ್ಪತರ್, ಸಕಾರ್ರಿ ಕೇಂದರ್ ಮುದರ್ಣಾಲಯ, ಬೆಂಗಳೂರು