Team Herald
PANJIM: The aggrieved depositors of Mapusa Urban Co-Operative Bank have reiterated their demand that the liquidator be compelled to commence parallel and simultaneous release of their deposits to both categories of depositors soon.
The depositors have requested the liquidators to expedite the procedure to put to rest all the worries of those who are aggrieved.
It may be recalled that the Mapusa Urban Bank was put under restrictions in 2015 after it became insolvent.
The depositors inform that claims of 33,864 depositors comprising 50.60 per cent of the total sanctioned 66,927 depositors amounting to Rs 5.11 crore still remain to be settled. There is an increase of 79 depositors as compared to the previous quarter ending December 31, 2022.
The amount held back and denied to depositors having deposits of over Rs 5 lakh and above totalling Rs 73.37 crore stands at a miserable zero despite all the hollow rhetoric.
The depositors said that even after eight years, there is a large amount due on hard earned deposits entrapped, denied and deprived access to by MUCBG from 2015 for no fault of the helpless innocent depositors.
One of the depositors Joseph Carneiro said, “The depositors repeat and reiterate their demand that the liquidator be compelled to commence parallel and simultaneous release of their deposits to both categories –below and above Rs 5 lakh at the earliest as considerable time has elapsed. The SARFAESI Act 2002 empowers recovery from defaulters within the prescribed period limit of 60 days, which when strictly applied to and enforced will expedite recovery and release of funds payable/denied to depositors,” he said.
