WP AGAINST UNCONSTITUTIONAL ACTS OF IBA & BANKS
Even after strong objections sent by valuers to IBA, banks started following the empanelment criteria drafted by IBA. The valuers Association along with 19 petitioners decided to opt for legal course against this serious matter of concern. Our first case in the form of WRIT PETITION against Union of India, IBA and four major Nationalised banks was filed in Hon’ble Punjab and Haryana high court to seek justice against unconstitutional Eligibility Criteria for valuers drafted by IBA and demanded by various banks. The case has been admitted and orders for notice of motion have been given by Hon’ble court.
Valuers Association has given representation to Bank of India against the advertisement by them in regard with eligibility Condition for Valuers. After receiving reply from bank, Valuers Association has filed criminal complaint at Police Station Ludhiana, against concerned officials of Bank of India. Moreover, Bank of India has also been made respondent in this case.
PIL FOR FORMATION OF PROPER FORUM FOR VALUERS
In January, 2016, Bank of Maharashtra & some other banks named a large number of valuers in Caution List. Many valuers from all over India who were named without following the proper laid down procedure contacted Valuers Association. This issue of Caution list has become a serious threat to Valuers profession and banks without following proper laid down procedure. So to seek justice against such harassment Valuers Association adopted legal course and filed a case in the form of PIL in hon’ble Punjab and Haryana High court. The case has been admitted and orders for notice of motion have been given by Hon’ble court.
VA has been provided all necessary document and support at all level to valuers whose names have been unconstitutionally added in IBA caution list and all such valuers have succeeded in getting positive results from high Court. The association through court case is trying to stop unconstitutional acts of Banks and IBA, so that dignity of any valuer is not hurt.
WRIT PETITION FOR PAN INDIA UNIFORM FEE STRUCTURE:
Representation in the form of Legal Notice has been given to State Bank of India and its Local Head Office for demand of PAN INDIA Uniform Fee Structure for valuers. The reply being improper, Valuers Association has filed Writ Petition in Punjab & Haryana High Court against State Bank of India.
PIL AGAINST PUNJAB GOVT. TO FINALISE THE COLLECTOR RATES OF PROPERTIES ARE FOLLOWING WELL LAID PROCEDURE
Valuers Association, after submitting representation to DC, Ludhiana has filed PIL at Punjab & Haryana High Court seeking collector rates near to fair market values of Properties so as to get rid of black money in Real Estate Sector. This step will also help Banks to Sell their NPA properties easily. The case has been admitted and orders of notice of motion have been issued by the court.
WRIT PETITION AGAINST ILLEGAL MASTER IN VALUATION COURSE
Valuers Association, after serving legal notice to University Grant Commission, Annamalai University, Tamilnadu Shivaji University, Kohlapur & ISTAR, Anand, Gujarat has now filed case against all in Punjab & Haryana High Court for conducting unapproved M.Sc./M.Com in Valuation. It is pertinent to mention here that as per Hon’ble Supreme Court of India, in a case title “Prof. Yashpal&anr vs. State of Chattisgarh& others of 2005 AND “Orissa Lift Irrigation Corp. Ltd., vs. Rabi Sankar Patro & ors.” Civil Appeal No.s 17869-17870/2017 on 03-11-2017, it is directed that any course which is not approved by UGC/ AICTE, is Illegal and termed as Null & Void. The case is admitted and notice of motion has been issued by the court