GK house owner shocked to find his property sold off by tenant

News Network
August 20, 2017

New Delhi, Aug 20: A south Delhi-based Chartered Accountant has registered a case against his tenant for allegedly grabbing and selling off his Greater Kailash II flat to a builder.

According to complainant Sachin Jain, a resident of Malviya Nagar, he bought a 300 square yard property from BDR builder private limited in July 2015, which is also duly registered with sub-registrar office at Hauz Khas.

Soon after the purchase, Jain leased the property to Narinder Singh Narag for a period of two years on a monthly rent of Rs 62,500. Jain, in his FIR at the CR Park police station, said that things remained smooth for six months after which Narang stopped paying the rent. "We got a lease deed registered and for six months Narang paid us the rent through cheques.

When Narang's family defaulted payment, we sent them a court notice in February 2016, and in April 2016 a case was filed at Saket court. In October, the court directed Narang to pay us the rent for 10 months, for which they paid us Rs 6.25 lakh after the court's intervention," Jain told Mail Today.

Jain claims that Narang requested the court to allow them to stay in the property as the lease deed was for two years, that is, till July 2017. But the real shock for Jain came in August 2017 when he advertised to sell the property. "I got a call from a property dealer who identified himself as Subhash Arora.

He claimed that the same property was sold to him by Narang in March 2016. While scanning the document, I found that Narang had forged the documents and sold my house to Arora," Jain said. When Mail Today contacted Narinder Singh Narang, he claimed that the property belongs to him and the charges against him are frivolous.

However, he could not furnish documents related to the property and declined to give an official comment. Property dealer Arora, who bought the house from Narang is also puzzled about the ownership and is planning to approach the police to investigate the matter.

Police has registered an FIR against Narang and are scanning the document to establish ownership. "We are checking the record with several government offices to verify the real owner of the property. Jain has furnished all the documents related to the case, but Narang is yet to give documents," said a senior police officer.

Another senior officer said that Narang's family used to live on the first floor of the building from 1995 to 2014. His brother was living on the ground floor. It was in 2014 that Narang sold the house to BDR Builders, who further sold the 300 square yard first floor property to Sachin Jain after a year-and-half of purchase. In his complaint, Jain also alleged that the Narangs have abused and threatened him with dire consequences if he pursues the matter further.

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News Network
March 21,2020

New Delhi, Mar 21: Novel coronavirus cases in India rose to 258 on Saturday after 35 fresh cases were reported in various parts of the country, according to the Health Ministry.

Among the 258 are 39 foreign nationals, including 17 from Italy, three from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The total figure also includes four deaths reported from Delhi, Karnataka, Punjab and Maharashtra.

"The total number of active COVID-19 cases across India stands at 231 so far," the ministry said, adding that 23 others have been cured/discharged/migrated while four have died.

Delhi has, so far, reported 26 positive cases, which include one foreigner, while Uttar Pradesh has recorded 24 cases, including one foreigner.

Maharashtra has 52 cases, including three foreigners, while Kerala has recorded 40 cases, which include seven foreign nationals.

Karnataka has 15 coronavirus patients. The number of cases in Ladakh rose to 13 and Jammu & Kashmir four. Telangana has reported 19 cases, which include 11 foreigners.

Rajasthan has also reported 17 cases, including two foreigners. Gujarat has reported seven cases so far.

Tamil Nadu, Andhra Pradesh and Uttarakhand have reported three cases each.

West Bengal, Odisha and Punjab each reported two cases while Puducherry, Chhattisgarh and Chandigarh reported one case each.

In Haryana, there are 17 cases, which include 14 foreigners.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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Agencies
June 28,2020

Paris, Jun 28: More than 10 million cases of the new coronavirus have been officially declared around the world, half of them in Europe and the United States, according to an AFP tally on Sunday based on official sources.

At least 10,003,942 infections, including 498,779 deaths, have been registered globally.

Europe remains the hardest hit continent with 2,637,546 cases including 195,975 fatalities, while the United States has 2,510,323 infections including 125,539 deaths.

The rate of infections worldwide continues to rise, with one million new cases recorded in just six days.

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only symptomatic or the most serious cases and some do not have the capacity to carry out widescale testing.

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