👻 MG Road’s possessed parking ticket machines

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Last Friday, many people were greeted with a bold possession notice plastered on several smart parking ticket machines on MG Road. Turns out, somebody’s slow on their loans.

Story so far: The possession notices were issued on 9 May by Easyaccess Financial Services. Basically, it states that Building Control Solutions India Private Limited and its guarantors have failed to repay their loans. Prior to this, a Demand Notice was issued on 30 April that failed to get a response from the borrower.

What’s owed: The amount owed right now is ₹1,34,35,905 and that’s without including the interest rates. Along with this, the notice says that the business assets of the borrower are also owed to Easyaccess as security for the loans.

  • The guarantor’s piece: N Sathyanarayanan, one of the guarantors, confirmed that the loan was taken from Easyaccess but claims that all financial issues were resolved.

The point is, if you’re in the Central Business District anytime soon, the chances of these machines going poof into thin air seem really high!

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