🏠 DSK Nandanvan Case Intelligence Dashboard
Comprehensive case analytics for flat at DSK Nandanvan, Pirangut, Pune — AGPN Scheme Fraud | 2014–2026
📊 Overview
💰 Financial
📅 Timeline
⚖️ Legal
🤝 OTS Options
👥 Parties
📁 Documents
📜 RERA Order
🔐 Admin
OTS DEADLINE EXTENDED TO MARCH 11, 2026 — In-Person Meeting: March 7
Tata Capital Housing Finance has extended the OTS response deadline to March 11, 2026 (from original March 6). A customer meeting is scheduled on Saturday, March 7, 2026, 12:00 PM–2:00 PM at TCHFL Pune Tilak Road Branch to address queries about the proposal. Three settlement options remain available ranging from ₹36.48L to ₹41.62L. Attend the meeting and/or consult your legal counsel before the deadline.
Principal Outstanding
₹36.48L
TCHFL Loan A/C 9349521
Interest Accrued
₹5.55L
Up to Dec 27, 2018
Total Loan Disbursed
₹36.52L
3 disbursements (2014–15)
EMIs Paid (Est.)
₹5L+
Before NPA (2014–2018)
OTS Days Remaining
7
Deadline: Mar 11, 2026
Legal Forums Active
4
RERA, EOW, NCLT, HC
Financial Summary (₹ Lakhs)
Legal Forums Status
Property Details
Project
DSK Nandanvan
Pirangut, Pune (Tal. Mulshi)
Survey Numbers
Gat 527, 528, 530, 531
Disputed title (Lis-Pendens)
Agreement Date
October 13, 2014
Doc No. 3562/2014
Scheme
AGPN (Aadhi Ghar, Paise Nantar)
Subvention scheme — NHB ban violated
Developer
DS Kulkarni Developers Ltd.
NCLT — Ashdan Properties (Res. Prof.)
MahaRERA
Stay Order Active
Complaint filed, under adjudication
Key Legal Position
The AGPN scheme promised interest subvention (DSK to pay loan EMIs during construction). DSK defaulted on this obligation, directly causing the NPA on your loan. The NHB Circular No. NHB(ND)/DRS/POL-NO.58/2013-14 explicitly banned such subvention schemes. TCHFL disbursed despite this ban, making them co-liable. Your liability to TCHFL is disputed on multiple legal grounds.
TCHFL Loan Disbursements
| Date | Amount | Cumulative | Notes |
|---|---|---|---|
| November 26, 2014 | ₹15,02,644 | ₹15,02,644 | 1st disbursement |
| December 18, 2014 | ₹13,71,075 | ₹28,73,719 | 2nd disbursement |
| February 15, 2015 | ₹7,78,571 | ₹36,52,290 | 3rd disbursement |
| Total Disbursed | ₹36,52,290 | AGPN scheme — pre-possession | |
Disbursement Timeline
Outstanding Amount Breakdown
Outstanding & Dues (TCHFL Statement — Feb 2026)
| Component | Amount | Status |
|---|---|---|
| Principal Outstanding | ₹36,48,262 | NPA |
| Interest (up to Dec 27, 2018) | ₹5,55,134 | Disputed |
| Total Per TCHFL | ₹42,03,396 | Before Feb 2026 |
| EMIs paid by Charudatta (est.) | ₹5,00,000+ | Paid |
| EMIs paid by DSK (AGPN promise) | ₹0 | Defaulted by DSK |
NHB Circular Violation — Subvention Scheme
NHB Circular No. NHB(ND)/DRS/POL-NO.58/2013-14
This circular, effective before the DSK Nandanvan AGPN agreement (Oct 2014), explicitly prohibited Housing Finance Companies from offering subvention/advance disbursement schemes. TCHFL disbursed ₹36.52L in violation of this circular. This forms a critical ground for contesting the full loan liability.
October 13, 2014
Agreement to Sell — DSK Nandanvan Property
Agreement executed for flat purchase under AGPN (Aadhi Ghar, Paise Nantar) scheme. Doc No. 3562/2014. Survey nos. Gat 527, 528, 530, 531.
November 26, 2014
TCHFL 1st Disbursement Financial
₹15,02,644 disbursed by Tata Capital Housing Finance. Pre-possession disbursement in violation of NHB Circular.
December 18, 2014
TCHFL 2nd Disbursement Financial
₹13,71,075 disbursed. Total outstanding at ₹28.73L.
February 15, 2015
TCHFL 3rd Disbursement Financial
₹7,78,571 disbursed. Total loan fully disbursed at ₹36,52,290.
2015 – 2017
DSK Defaults on AGPN EMI Obligations Financial
Under AGPN scheme, DSK was to service the loan EMIs during construction. DSK began defaulting, causing Charudatta's loan account to become stressed.
November 2, 2017
DSK Kulkarni Arrested Property
D.S. Kulkarni arrested by Police / EOW for fraud. Multiple FIRs filed. Insolvency proceedings initiated.
2018
MahaRERA Complaint Filed Legal
Charudatta filed complaint before MahaRERA. Stay order obtained. Rera Order folder created in Google Drive.
October 27, 2018
Rera Order Folder Created (Drive) Legal
Google Drive folder "Rera Order" created — RERA judgement and documents organized.
December 2, 2018
Detailed Legal Letter to TCHFL Legal
Charudatta sent comprehensive 13-ground legal letter to TCHFL contesting loan liability. Grounds include AGPN scheme violations, NHB circular, Lis-Pendens, tripartite agreement breach.
December 27, 2018
TCHFL Interest Calculation Cut-off Financial
TCHFL's OTS letter computes interest up to this date: ₹5,55,134. Principal outstanding: ₹36,48,262.
2018 – 2023
NCLT CIRP Proceedings — DSK Kulkarni Legal
Corporate Insolvency Resolution Process initiated against DS Kulkarni Developers under IBC 2016. Buyers' claims filed with Resolution Professional.
June 23, 2023
NCLT Resolution — Ashdan Properties Legal
NCLT approves resolution plan. Ashdan Properties Pvt. Ltd. appointed as Resolution Professional for DSK Nandanvan project.
August–October 2023
DSK Customer Care Emails Legal
Multiple emails with DSK Customer Care regarding possession, refund, and case status updates post-NCLT resolution.
February 27, 2026
TCHFL OTS Offer Received URGENT
TCHFL sent OTS (One Time Settlement) offer for Loan A/C 9349521. Three options: ₹36.48L (immediate), ₹38.99L (EMI), or ₹41.62L (extended). Original deadline: March 6, 2026.
March 3, 2026
Case Intelligence Dashboard Created Milestone
Comprehensive case intelligence built. OTS analysis, legal grounds, and financial breakdown compiled.
March 4, 2026
TCHFL OTS Deadline Extended to March 11 UPDATE
Yogesh Gadodia (TCHFL Legal) emailed: response deadline extended from March 6 to March 11, 2026. In-person meeting scheduled at Pune Tilak Road Branch on March 7, 12:00–2:00 PM to address customer queries about the OTS proposal.
March 7, 2026
📍 TCHFL Customer Meeting — Pune Tilak Road MEETING
Scheduled meeting at TCHFL Pune Tilak Road Branch, 12:00 PM–2:00 PM. Purpose: address customer queries about OTS proposal. Attend to clarify OTS terms, negotiate, and gather information before the March 11 deadline.
March 11, 2026
🔴 OTS RESPONSE DEADLINE (EXTENDED) DEADLINE
Last date to respond to TCHFL's OTS offer (extended from original March 6). Must decide: Accept OTS Option 1/2(a)/2(b), reject, or negotiate. Missing this deadline may result in TCHFL pursuing recovery actions.
MahaRERA
Stay Active
Complaint adjudication ongoing
EOW / Police
FIR Filed
Economic Offences Wing
NCLT / IBC
Resolved
Ashdan Properties — RP
Bombay HC
Writ Petition
Filed against TCHFL actions
13 Legal Grounds Against TCHFL Liability
From Charudatta's detailed legal letter dated December 2, 2018 to Tata Capital Housing Finance Ltd.
Ground 1
AGPN Scheme — DSK's Obligation to Pay EMIs
Under the AGPN scheme, DSK explicitly promised to service the loan EMIs during construction. DSK's default on this promise is the sole cause of the NPA — not Charudatta's failure.
Ground 2
NHB Circular Violation
NHB Circular No. NHB(ND)/DRS/POL-NO.58/2013-14 banned subvention schemes. TCHFL disbursed in violation. The entire loan structure is tainted by this regulatory breach.
Ground 3
Tripartite Agreement Breach
Tripartite agreement between Buyer, DSK, and TCHFL imposed specific obligations on DSK (EMI payment) which DSK breached. TCHFL failed to enforce these obligations.
Ground 4
Disputed Title / Lis-Pendens
The property land (Gat nos. 527, 528, 530, 531) had existing title disputes and Lis-Pendens entries at time of disbursement. TCHFL conducted inadequate due diligence.
Ground 5
Pre-Possession Disbursement
All three disbursements (Nov 2014 – Feb 2015) were made before possession — contrary to safe lending norms and buyer protections.
Ground 6
No Possession — No Benefit Received
Charudatta never received possession of the flat. Paying a full loan for an asset never received is unconscionable and violates basic principles of contract law.
Ground 7
RERA / MahaRERA Protection
Maharashtra RERA grants buyers specific rights. The ongoing MahaRERA stay order and complaint proceedings have a bearing on TCHFL's recovery rights.
Ground 8
IBC / NCLT Moratorium Impact
CIRP proceedings under IBC created a moratorium on all actions against DSK assets. Buyer's claims are to be dealt with under the resolution plan.
Ground 9
Consumer Protection Rights
Charudatta has rights as a financial services consumer. TCHFL's conduct may constitute an unfair trade practice under Consumer Protection laws.
Ground 10
Failure of Consideration
The loan was taken for a flat that was never delivered. Total failure of consideration means the contractual basis for repayment obligation is fundamentally flawed.
Ground 11
EOW / Criminal Fraud Proceedings
The EOW FIR establishes DSK's criminal fraud. TCHFL, as a co-signatory to the tripartite agreement, may bear responsibility for facilitating the scheme.
Ground 12
Bombay HC Writ Petition
Writ Petition filed in Bombay High Court against TCHFL actions, providing court protection against coercive recovery.
Ground 13
Refund / Compensation Entitlement
Charudatta is entitled to full refund of amounts paid plus interest and compensation from DSK / resolution plan. This amount should first be set off against TCHFL outstanding.
⚖️ MahaRERA Final Order — Complaint CC005000000010875
Final Order dated 09-07-2018 by Adjudicating Officer Shri M.V. Kulkarni, Maharashtra RERA, Pune
Complaint No.
CC005000000010875
Maharashtra RERA, Pune
Order Date
09-07-2018
Final Order — In Favour
Interest Ordered
10.05%
p.a. on ₹6,33,220 from 01-01-2018
Respondent Status
EX-PARTE
Failed to appear on all dates
📋 Case Particulars
| Complainant | Charudatta B. Deshmukh |
| Respondents | M/s. D.S. Kulkarni Developers Ltd & Hemant Deepak Kulkarni |
| Flat | A-907, DSK Nandanvan, Pune |
| Agreement Date | 13-10-2014 |
| Scheme | Adhi Ghar Paise Nanter (AGPN) |
| Adjudicating Officer | Shri M.V. Kulkarni, Maharashtra RERA |
| Total Paid (on record) | ₹6,33,220 (₹1,00,000 + ₹4,19,000 + ₹1,14,220) |
📜 Order Directions (Operative)
1
Respondent shall pay interest @ 10.05% p.a. on ₹6,33,220 (less Govt. expenditure) from 01-01-2018 until possession / Occupancy Certificate is granted.
2
Respondent shall pay EMIs as per the Agreement (AGPN scheme obligation — loan EMIs are DSK's responsibility).
3
Respondent shall pay costs of ₹20,000 to Complainant.
Strategic Significance
This MahaRERA order is a binding judicial determination that DSK's EMI obligations under AGPN are enforceable. The ex-parte order (DSK failed to appear) confirms DSK's non-compliance and strengthens Charudatta's position that the NPA on TCHFL Loan A/C 9349521 is entirely attributable to DSK's default — not to Charudatta.
TATA CAPITAL OTS — DEADLINE EXTENDED: MARCH 11, 2026
Deadline extended from March 6 to March 11, 2026. A customer meeting is scheduled on March 7, 12:00–2:00 PM at TCHFL Pune Tilak Road Branch to address OTS queries. Attend and/or consult Adv. Kadam before deciding. Accepting OTS may have implications on your ongoing RERA and court proceedings.
7 Days
Remaining until OTS deadline (March 11, 2026) — Meeting: March 7 @ Tilak Road
Three OTS Options Offered by TCHFL
Option A — Immediate Settlement
₹36.48L
Pay the principal outstanding (₹36,48,262) in one lump sum. Interest (₹5,55,134) waived. Requires full payment immediately. Best option if funds are available.
Option B — EMI-Based Settlement
₹38.99L
Settle via structured EMI plan. Slightly higher than Option A. Payment spread over agreed period. Suitable if immediate lump sum is not possible.
Option C — Extended Settlement
₹41.62L
Extended repayment timeline with higher total amount. Maximum flexibility on payment schedule. Highest total outgo but easiest cash flow.
OTS Decision Framework
| Factor | Accept OTS | Reject / Negotiate OTS |
|---|---|---|
| Financial liability | Settled — certainty | Ongoing — uncertainty |
| Legal grounds strength | Strong grounds waived | Preserve all 13 grounds |
| RERA proceedings | May be complicated | Preserved |
| Cash flow | Requires ₹36-42L | No immediate payment |
| CIBIL/Credit score | NPA cleared | NPA continues |
| Future litigation risk | TCHFL claim settled | TCHFL may escalate |
| DSK refund recovery | Independent of OTS | Could net against OTS |
Recommended Immediate Actions
1. ✅ Request extension of OTS deadline — DONE. Deadline extended to March 11, 2026.
2. 📍 Attend TCHFL meeting on March 7, 12:00–2:00 PM at Pune Tilak Road Branch — bring prepared questions about OTS terms, Option 2(b) waiver amounts, and implications for RERA proceedings.
3. Consult Adv. Kadam before March 7 meeting about OTS implications on RERA case.
4. Calculate exact refund/compensation expected from DSK/Ashdan under resolution plan.
5. If DSK refund > ₹36.48L, consider using that to fund OTS payment.
6. Respond to TCHFL by March 11, 2026 with your decision on Option 1, 2(a), or 2(b).
2. 📍 Attend TCHFL meeting on March 7, 12:00–2:00 PM at Pune Tilak Road Branch — bring prepared questions about OTS terms, Option 2(b) waiver amounts, and implications for RERA proceedings.
3. Consult Adv. Kadam before March 7 meeting about OTS implications on RERA case.
4. Calculate exact refund/compensation expected from DSK/Ashdan under resolution plan.
5. If DSK refund > ₹36.48L, consider using that to fund OTS payment.
6. Respond to TCHFL by March 11, 2026 with your decision on Option 1, 2(a), or 2(b).
Key Parties Directory
Buyer / Complainant
Charudatta Deshmukh
Flat buyer at DSK Nandanvan under AGPN scheme
Loan A/C 9349521, TCHFL
Email: charudattadeshmukh@gmail.com
Loan A/C 9349521, TCHFL
Email: charudattadeshmukh@gmail.com
Lender
Tata Capital Housing Finance Ltd. (TCHFL)
Home loan lender — ₹36.52L disbursed
Loan A/C 9349521
Filed OTS offer Feb 27, 2026
Deadline: March 11, 2026 (extended from Mar 6)
Meeting: Mar 7 @ Tilak Road Branch
Loan A/C 9349521
Filed OTS offer Feb 27, 2026
Deadline: March 11, 2026 (extended from Mar 6)
Meeting: Mar 7 @ Tilak Road Branch
Developer (Insolvent)
DS Kulkarni Developers Ltd.
Project: DSK Nandanvan, Pirangut
Arrested Nov 2, 2017 (DSK Kulkarni)
CIRP under IBC 2016
NCLT Resolution: Jun 23, 2023
Arrested Nov 2, 2017 (DSK Kulkarni)
CIRP under IBC 2016
NCLT Resolution: Jun 23, 2023
Resolution Professional
Ashdan Properties Pvt. Ltd.
NCLT-appointed RP for DSK Nandanvan
Responsible for resolution plan execution
Buyers' claims to be addressed
Responsible for resolution plan execution
Buyers' claims to be addressed
Resolution Professional
RP Manoj Agarwal
Individual Resolution Professional
CIRP case management
Part of AGPN scheme email thread
CIRP case management
Part of AGPN scheme email thread
Advocate (Buyer's Counsel)
Adv. Kadam
Handling RERA and legal proceedings
DSK documents maintained in Drive
"Adv. Kadam Dsk documents" folder
DSK documents maintained in Drive
"Adv. Kadam Dsk documents" folder
Advocate Representative
AR Girish Juneja
Involved in AGPN scheme discussions
Email thread participant (Dec 2, 2018 context)
Role: Buyer advocate or representative
Email thread participant (Dec 2, 2018 context)
Role: Buyer advocate or representative
Regulator
MahaRERA (Maharashtra RERA)
Regulatory authority for real estate
Complaint filed — Stay order obtained
Adjudication in progress
Complaint filed — Stay order obtained
Adjudication in progress
Law Enforcement
EOW — Economic Offences Wing
FIR registered against DSK Kulkarni
Criminal fraud investigation ongoing
Multiple bank fraud cases registered
Criminal fraud investigation ongoing
Multiple bank fraud cases registered
Court
Bombay High Court
Writ Petition filed against TCHFL
Court protection against recovery actions
Proceedings ongoing
Court protection against recovery actions
Proceedings ongoing
Tribunal
NCLT (National Company Law Tribunal)
IBC/CIRP proceedings for DSK
Resolution plan approved Jun 23, 2023
Buyers' claims under resolution
Resolution plan approved Jun 23, 2023
Buyers' claims under resolution
Complainant Group
Virendra Kharde & Other Buyers
Co-complainants in AGPN case
Collective action against DSK and TCHFL
Email thread participants (Dec 2018)
Collective action against DSK and TCHFL
Email thread participants (Dec 2018)
Google Drive — DSK Related Folders
| Folder / File | Category | Status | Notes |
|---|---|---|---|
| DSK NANDANVAN | Property | Found | Primary project folder |
| DSK Claim | Legal / Claim | Found | Claims related documents |
| DSK Claim Support Documents | Legal / Evidence | Found | Supporting evidence for claims |
| DSK insolvency | NCLT / IBC | Found | CIRP and insolvency related |
| DSK Share | Shared Documents | Found | Shared with other parties |
| DSK-Banks Fraud Database | EOW / Fraud | Found | Bank fraud documentation |
| Rera Order (sub-folder) | MahaRERA | Found | RERA judgement and order |
| Complaint/ (sub-folder) | Legal | Found | Complaint documents |
| TataCommunication/ (sub-folder) | Lender | Found | TCHFL correspondence |
| Tata Loan Agreement/ (sub-folder) | Financial | Found | Original loan agreement docs |
| Communication/ (sub-folder) | General | Found | General correspondence |
| Adv. Kadam Dsk documents | Legal | Found | Advocate's documents |
| MAHARERA (root folder) | RERA | Found | Maharashtra RERA documents |
| Home loan (root folder) | Financial | Found | Home loan related |
Key Gmail Evidence — Critical Emails
| Date | Subject / Description | Significance |
|---|---|---|
| Feb 27, 2026 | 🚨 TCHFL OTS Offer — Loan A/C 9349521 | CRITICAL: Three OTS options, deadline extended to March 11, 2026. Meeting: Mar 7 @ Tilak Road |
| Dec 2, 2018 | Charudatta's 13-Ground Legal Letter to TCHFL | Comprehensive grounds for disputing loan liability |
| Dec 2018 | URGENT DSK Case / AGPN Scheme Email Thread | Multi-party correspondence with RP, advocates, buyers |
| Oct 2023 | DSK Customer Care — Status Update | Post-NCLT resolution status of project |
| Aug 2023 | DSK Customer Care — Communication | Buyer inquiry and project updates |
| 2018–2022 | MahaRERA System Emails | RERA complaint acknowledgements and updates |
| Various | Avanse Financial Services Emails | Related financial services correspondence |
Intelligence Gaps — Documents to Obtain
⬜ EMI payment history (detailed statement from TCHFL)
⬜ Exact OTS letter text (full document)
⬜ MahaRERA complaint number and case status
⬜ EOW FIR number and current status
⬜ Bombay HC writ petition number
⬜ Tripartite agreement (original copy)
⬜ AGPN scheme brochure / marketing material
⬜ DSK construction agreement / completion certificate
⬜ Ashdan Properties resolution plan (buyer provisions)
⬜ Buyer claim filed with NCLT RP (acknowledgement)
⬜ All EMI payment receipts (complete set)
⬜ RERA order / stay order document
⬜ Lawyer correspondence (full history with Adv. Kadam)
⬜ NHB circular copy (for OTS/legal negotiation)
⚖️
FINAL ORDER — IN FAVOUR
Maharashtra RERA, Pune | 09-07-2018
RESPONDENT: EX-PARTE
Failed to appear on all dates
BEFORE THE
MAHARASHTRA REAL ESTATE REGULATORY
AUTHORITY, PUNE
MAHARASHTRA REAL ESTATE REGULATORY
AUTHORITY, PUNE
Complaint No. CC005000000010875
| Complainant | Charudatta B. Deshmukh Registered complaint before MahaRERA on 27-03-2018 |
| Respondents |
1. M/s. D.S. Kulkarni Developers Ltd
2. Hemant Deepak Kulkarni
Both appeared EX-PARTE
|
| Coram | Shri M.V. Kulkarni, Hon'ble Adjudicating Officer, Maharashtra RERA |
| Order Type | FINAL ORDER |
| Order Date | 09-07-2018 |
Prayer of Complainant: Filed to recover interest on the amount paid to the respondent/builder and for compensation as respondent committed default in handing over possession of flat No. A-907 in project DSK Nandanvan, booked under the Adhi Ghar Paise Nanter (AGPN) scheme vide agreement dated 13-10-2014.
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