Latest news with #UshaUmesh
Time of India
10-06-2025
- Business
- Time of India
Kinfra yet to decide on returning land
T'puram: Despite a home department order on Friday directing Kinfra to return 50-cent land and a 54,000sq ft garment factory building to woman entrepreneur Usha Umesh, 53, Kinfra hasn't yet decided on the matter. Kinfra legal manager Saju Sugathan told TOI that the land is owned by Kinfra and it has the right to sell it to any prospective buyer. The land and building were allegedly taken from the woman by the accused in the Nirmal Krishna fraud a few years ago and she has been in a legal battle to reclaim it. "There is a case over the disputed land and building at the commercial court and it must be resolved before a decision can be made. Kinfra leased out the land to its current owner by following all rules and with Usha's consent. Kinfra has complete right to decide to whom the land should be given, but a decision is yet to be taken," said Sugathan. Umesh had claimed the case at the commercial court was filed against the illegal transfer of land and building to its current owner and it can be withdrawn at any time if Kinfra took an appropriate decision. Recently, Buds authority attached the land and building after its owners, K Nirmalan and Sreejith, were involved in Nirmal Krishna deposit fraud. Since the property was owned by the woman as per the available records, Buds authority revoked the attachments and sought the district collector's help in recovering the lease premium which the accused paid to Kinfra. Home department order also directed Kinfra to remit the lease premium to Buds authority. However, Kinfra hasn't yet decided either on transferring the land to Umesh, or on remitting the lease premium paid by the accused.
Time of India
05-06-2025
- Time of India
Buds Authority seeks collector's help for remitting lease premium paid to Kinfra by Nirmal Krishna scam accused
Thiruvananthapuram: The Buds Authority sent a request to the district collector to direct Kinfra to remit the lease premium of Rs 89 lakh, which was collected from the accused in the Nirmal Krishna deposit fraud for leasing out a 50-cent land for operating a garment factory. Earlier, the authority attached all the properties owned by the accused as part of recovery measures and one of the attached properties was the 50-cent land at Kinfra. However, during the process, the authority found that the land was actually owned by a woman entrepreneur Usha Umesh, 53, and it was fraudulently taken by K Nirmalan, the key accused in the Nirmal Krishna fraud. As per the Banning of Unregulated Deposit Schemes (Buds) Act, the authority has no power to attach a tri-party asset and its powers are limited to attaching the assets directly owned by the accused. Buds Authority revoked recovery measures against the land and requested Kinfra to remit the lease premium paid after deducting the amounts for the years the land was used by the accused. Despite sending several reminders, there was no progress from Kinfra. Following this, Buds Authority sent a letter to the district collector asking to direct Kinfra in this regard. An RTI application was filed by the woman entrepreneur seeking the details of the pact between Kinfra and the accused regarding the land. However, Kinfra claimed they were not in possession of such a document. This raises questions about how the accused possessed the land in Kinfra, which was owned by a woman. The woman alleged that she was evicted from the land by the accused with the help of officials concerned and some trade union workers.
