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Charity Commissioner Extends Status Quo as Trust, Developer Move to Scrap Pune Jain Hostel Deal

The regulator set an October 30 reply deadline before a hearing to resolve the proposed cancellation, including the fate of the ₹230 crore already paid.

Overview

  • The Maharashtra Charity Commissioner, Amogh Kaloti, extended the status quo on the Seth Hirachand Nemchand Smarak Trust transaction to October 30, with no objections from the trust or developer.
  • Both Gokhale Landmarks LLP and the trust told the regulator they want the sale cancelled, following the developer’s formal withdrawal and the trust’s application to accept cancellation.
  • The commissioner directed the parties to file written replies, with Hindustan Times reporting they were also asked to submit a mutual affidavit by October 30 ahead of the hearing.
  • The 3.5-acre Model Colony property was sold for about ₹311 crore, with roughly ₹230 crore paid; the developer has sought a refund, while critics allege a contract clause bars repayment and have urged that funds be frozen.
  • Community protests have continued with marches and hunger-strike warnings, and political allegations have targeted Pune MP Murlidhar Mohol, who denies involvement and says he exited the developer in 2024.