step would involve a
genuine and correct valuation of assets and not their under
valuation or inflation, especially when the power of the
Company ... This will involve a genuine and
correct valuation of assets and not their under-valuation or
inflation. It must be remembered that the power
Manager,
Canara Bank, Chandni Chowk Branch, Delhi on the basis of
inflated valuation reports in respect of properties mortgaged with
the Bank resulting ... highly inflated as
the same was purchased for a nominal consideration of Rs.2
Lacs only. The said property with inflated valuation was offered
astronomical
i loan amount on the basis of forged inflated valuation
certificate. P.W.16's signature is said to have been forged ... forged inflated valuation certificate was obtained. The alleged
original of the valuation certificate was not marked. Without
marking the original certificate, the signature found
capacity of
an empaneled valuer of the Bank has given inflated valuation of the 02
properties offered by Subhash Wadhwa as collateral securities and thus ... illegal
gratification to the petitioner, in any manner for seeking
an inflated valuation report and therefore, in the absence
of any such evidence collected
valued the said properties
in an inflated valuation though the said properties were
-9-
not fetching that much value by creating and
misrepresenting the complainant ... trial. He further
submitted that in order to get the inflated valuation, he
paid an amount of Rs.5.6 Crores as a bribe
final accounts of their
business, accepted fake Income Tax Returns and inflated valuation report
submitted by A2. A1 also inspected the properties and falsely submitted ... against the petitioner are that
he submitted false Income Tax Returns, inflated
valuation report and also submitted false
construction estimates at very high rates than
Companies in conspiracy with accused
Nos.2 and 3 have given inflated valuation though the
said properties were not fetching the said valuation,
which itself ... having any
intention, then under such circumstances, such an
- 19 -
inflated valuation ought not to have been done by those
two consultancy companies. All these
2013 on 28.04.2014, but averred as forum-shopping
to inflate valuation.
Para 26 (Jurisdiction): Denied; exclusive Gurgaon
jurisdiction.
REJOINDER ON BEHALF OF THE PLAINTIFF
Preliminary ... concealed non-fructification,
starting limitation from discovery (2010).
Reply to Misjoinder/Inflated Valuation (Para 4 of Preliminary
Objections)
55. All three transactions stem from
appellant and, what is more, by a process of
inflated valuation of the assets of the sugar unit the
appellant will also appear
appellant and, what is more, by a process of inflated valuation of the assets of the sugar unit, the appellant will also appear
