Team Herald
PANJIM: The information furnished by the Director of Deposit Insurance & Credit Guarantee Corporation Mumbai (DICGC–RBI) on February 4, 2022, the mandatory quarterly report as filed by the Liquidator Anthony De Sa to the DICGC–RBI nominated Bank of Baroda, Mapusa, for quarter ending December 31, 2021, state that out of the total of 65,345 depositor claims amounting to Rs 245,52,16,751.29 received from DICGC, 29,580 claims have been settled all below the Rs 5 lakh limit, amounting to Rs 232,60,72,650.49, in a press statement signed by bank depositors in Mapusa Urban Cooperative Bank (MUCB), which is under the process of liquidation.
This constitutes 45.27 per cent settled resulting in 35,898 depositor claims hich is about 54.93 per cent still pending and remaining to be cleared. The said report also makes it abundantly clear that the amount paid to large depositors of the category of above Rs 5 lakh stand at miserable nil till date. These depositors claim are to be explicitly made from the recoveries of sale of defaulters, debtors collaterals, auctions and sale of MUCBG assets etc, said Joseph S. Carneiro, Prabhakar V. Salgaonkar, Arun M. Khaunte and Kunda Quenim who signed the press release.
“That MUCB and the liquidator’s legal submissions and press releases in February 2022 that 98.20 per cent depositor claims have been paid is false and a figment of imagination blatantly misrepresenting facts to only misguide and mislead the suffering depositors,” reads the release.
It went one to add that it is noted that after the recent disclosures of the quarterly DICGC-RBI reports by the depositors, the MUCB has issued public sale notices of 48 shops in Mapusa and warned the debtors with giving them 15 days notice as last and final opportunity to pay their loans. “The aggrieved depositors welcomes this gesture and hope the same is genuine as they have been deprived and denied access to their hard earned funds since 2015,” said the press release.
