About 5,000 people living in KR Mill Colony are staring at an uncertain future following Deputy Commissioner’s order to attach 22.
12 acres of land for default of a bank loan raised by its present owner.
KR Colony Residents Association member Nagendra Prasad told reporters on Monday that after the mill was locked up in 1984, its workers chose to stay put in the colony as they were not fully compensated as per a High Court award.
About 15 years ago, one Jain who took possession of the factory, raised a loan of `46 crore from the Indian Overseas Bank by mortgaging the property, including its workers colony and a government school, and on default the bank has decided to attach it with the assistance of the district administration.
Terming the Deputy Commissioner’s order a death knell, he alleged that the officer has unanimously issued an order to evict the people from the colony without checking the antecedents of the colony.
The bank has not conducted any spot inspection before sanctioning the loan to Jain and now all of a sudden it wants to attach the property, Prasad said.
According to him people have been living in the colony for more than 70 years and if the order is implemented then they will be thrown on the streets.
“Former employees have got only 20 per cent of the compensation awarded.
The order has shocked the people,” he said.
Another member Shankaramurty urged people, mutts, politicians and others to come to their rescue by exerting pressure on the government.
The colony should be brought under the revenue village and title deeds of houses should be given to all.
The Deputy Commissioner should immediately withdraw the order.
The government should appoint an honest officer to look into the issue and hold talks with the bank in order to ensure justice to the people, he said.
The association would hold a massive protest march from Tathaiah Circle to the DC’s office on August 22 and give back their ration cards and voter IDs if the government fails to come to their rescue, he added
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