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Jain property row: Neither trust nor builder approached for sale deed cancellation despite order
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....ain property row: Neither trust nor builder approached for sale deed cancellation despite order<BR>Corp. Laws / SEBI / IBC<BR>Dated:- 11-11-2025<BR>PTI<BR>Pune, Nov 11 (PTI) Despite the Maharashtra charity commissioner ordering the cancellation of sale of a prime property in Pune belonging to a Jain trust to a builder, neither the trust nor the builder has approached the Registration and Stamp Dep....
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....artment to process the cancellation deed. The land, which houses a boarding facility for Jain students and a Bhagwan Mahavir temple, is located in upmarket Model Colony and was acquired by Pune-based Gokhale Landmarks LLP earlier this year for Rs 311 crore from Seth Hirachand Nemchand Memorial Trust. Of the total sum, Rs 230 crore were paid, while the remaining amount was for the redevelopment o....
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....f the hostel. However, the deal faced stiff opposition from the students, alumni, sages from the Jain community, general Jain community, prompting both the parties to call-off the deal. After the opposition from the community, the Gokhale Landmarks LLP and the Seth Hirachand Nemchand Digambar Smarak Trust expressed their desire to cancel the sale deed. An official from the Inspector General Reg....
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....istration (IGR) office confirmed that both the parties have not yet approached the Registration and Stamps Department with the cancellation deed. On Tuesday, Jain spiritual leader Acharya Guptinandi Maharaj, who led the protest against the Seth Hirchand Nemchand Jain hostel property deal between the Model Colony trustees and Gokhale Landmarks LLP, warned that the agitation would resume if the dea....
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....l is not cancelled in the next few days. He said that a senior sage from the community would sit on an indefinite hunger strike outside the chief minister's residence if the deal is not scrapped. The controversy had taken a political turn with former MLA and Shiv Sena leader Ravindra Dhangekar alleging the involvement of Union minister Murlidhar Mohol in the transaction, a charge denied by the l....
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....atter. PTI SPK NP<BR> News - Press release - PIB....