Lucknow: A septuagenarian may be a source of inspiration to hundreds and thousands of older people who give up fight for age reason. He has re-established that what matters is the spirit and not the age to receive justice from the court and else where.
Residing in Mainpuri district of Uttar Pradesh, M P Singh ,was one of those unfortunate family heads who are ill-treated by their close relatives. The exact number of such people is not known . The figure may be quite high.
Facing all kinds of problems at old age , he saw a hope in the scheme which was announced by the government in the year 2008. Known as reverse mortgage scheme, it envisaged long term loans against properties owned by senior citizens to make good living.
If , for any reason, loan was not fully returned by an individual, his heir was to be asked for repayment. In case of his refusal to do so for any reason , the ownership was to be transferred to the bank providing the loan amount. The bank then could sell the property to recover the loan.
The loan was to given for as long as 20 years. During this period the owner could put some part of the house or bungalow on rent and use that money in paying instalments and meeting his own needs .
Being aware of the scheme, Singh approached a nationalised bank in his area for loan which was refused. Another bank too did likewise, citing its own reason. Never- say- die -spirit Singh then approached the Supreme Court.
A two-judge bench headed by chief justice T S Thakur heard the petition[tps_start_button label="Start slideshow" style="" class=""] on Friday and found refusal arbitrary and against the spirit of the law in this case. What transpired between the two is quite interesting. When the bench asked him why should not the case be transferred to Allahabad High Court which was within his state ,his reply brought smile on judges' faces.
" The Supreme Court's location is nearer home. Secondly, I have come to the mighty Ganga river ( apex court) why should I go to the Gomati now ( the river which flows in the middle of state capital", said he with all the seriousness at his command.
The judges smiled and nodded in agreement. The bench has asked one of the banks of his choice to come to his rescue and provide loan permissible to him.
Also read: Income Tax raid at Mobile market of Lucknow