RamnathGoenka-Game of Pronotes -played by himself & his family - loser - Raja Mohan Prasa
Ramnath Goenka Pronote Rs. 5 Lacs,Unpaid His Father Basantlal(adoptivefather) & Jankidas (Naturalfather), His Brother Baijnath (cousin), and His Son Bhagwandas ; and His Friends Pronotes Still lying in Courts Unpaid.Events-Prior To Becoming Press Baron
Saturday, March 3, 2012
Tuesday, August 17, 2010
Ramnath Goenka - Game of Pronotes -played by himself & his family - loser Raja Mohan Prasad
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1. Pronote No. 217 by Ramnath Goenka's Natural Father Jankidas and Baijnath the first son of Jankidas & elder brother of Ramnath Goenka. in favour of The Bombay Company Ltd.,Madras, for Rs. 16,581-annas8-ps.10dt.28-10-1935


Ramnath was a Bengali of asingular and patient guile. He had observed that it was the custom of STC
when contemplating large sales to novel bazaar dealers to call for confidential reports always from the same bank and Ramnath had also discovered that it was practice of the Bank to entrust necessary enquiries always to same babu.
Patiently Ramnath cultivated acquaintance of this Babu and over several years established himself as principal source of information. With the help of this link, Ramnath had had no difficulty in the early thirties in persuading STC to make large credit sales to dealers introduced by himself and vouched for by the bank in which his friend worked.
Swiftly the totals climbed, and whenever the local Directors suggested that it was time some of pronotes were met. Ram Nath successfully argued the folly of any action by the stc which would disturb the confidence of the bazaar in a problamatical market. As the total amounted to three ....
regardless of the bazaar's confidence. By this time Ramnath had skillfully involved the local Directors
in satta and fadka or jute futures, gambling in which was strictly prohibited by the company's regulations.Now, however, Frisby square deaf to local advise, had demanded cash. As most of Ram Nath's reputed dealers had been rickshaw pullers
and taxi drivers , the consequences of forced liquidation had been an almighty smash in 1936, involving the branch in a loss of some forty five thousand pounds. The High Court in Chinnapatnam had awarded a judgement in ten days, which it was impossible to enforce........
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Ramnath Goenka & His Promissory Note of Rs. 5,00,000 |
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Ramnath Goenka in 1926 |
Raja MohanPrasad of Hyderabad |
1. Pronote No. 217 by Ramnath Goenka's Natural Father Jankidas and Baijnath the first son of Jankidas & elder brother of Ramnath Goenka. in favour of The Bombay Company Ltd.,Madras, for Rs. 16,581-annas8-ps.10dt.28-10-1935
Jankidas Natural Father of Ramnath Goenka & Baijnath s/o Jankidas_ |
Jankidas Natural Father of Ramnath Goenka & Baijnath s/o Jankidas |
outstanding Total Rs. 99,197-annas 4 -ps4
Jankidas Natural Father of Ramnath Goenka & Baijnath s/o Jankidas |
Basantlal Adoptive father & Bhagwandas Son of Ramnath Goenka |
5 Pronote No. 221 by Ramnath Goenka's Adoptive Father Basantlal Goenka and Bhagwandas Goenka the only son of Ramnath Goenka. in favour of The Bombay Company Ltd.,Madras , for Rs. 9,661-annas10-ps3 dt. 31-12-1935.+Rs.41,562-annas 4-ps 3 towards yellow metal
outstanding Total Rs.84,124-annas 8 -ps6
Basantlal Adoptive father & Bhagwandas Son of Ramnath Goenka |
Baijnath Cousin of RamnathGoenka &Radhakrishna s/o Baijnath |
Baijnath Cousin of Ramnath Goenka & Radhakrishna s/o Baijnath |
BaijnathCousin of Ramnath Goenka &Radhakrishna s/o Baijnath |
9. Pronote No. 239 by Ramnath Goenka's Cousin Baijnath (s/oJankidas) and Radhakishan son of Baijnath elder brother of Ramnath Goenka. in favour of The Bombay Company Ltd.,Madras, for Rs. 4,082-annas 7-ps.8 dt.3-12-1935 +Rs.48,770-annas 4-ps 3 towards yellow metaloutstanding Total Rs.97,541-annas 13 -ps3
The details about the dealers of Bombay Co. Ltd. who are none other than
Father, Son, Cousin, and cousin's Son
of Ramnath Goenka.are given in the Book
The Pagoda Tree , by Michael Malim published in 1963. It states
when contemplating large sales to novel bazaar dealers to call for confidential reports always from the same bank and Ramnath had also discovered that it was practice of the Bank to entrust necessary enquiries always to same babu.
Patiently Ramnath cultivated acquaintance of this Babu and over several years established himself as principal source of information. With the help of this link, Ramnath had had no difficulty in the early thirties in persuading STC to make large credit sales to dealers introduced by himself and vouched for by the bank in which his friend worked.
Swiftly the totals climbed, and whenever the local Directors suggested that it was time some of pronotes were met. Ram Nath successfully argued the folly of any action by the stc which would disturb the confidence of the bazaar in a problamatical market. As the total amounted to three ....
three-and-a half ..four and five lakhs, frisby square
had grown alarmed. Eventually, at some six and a half lakhs, Frisby square had insisted on liquidation regardless of the bazaar's confidence. By this time Ramnath had skillfully involved the local Directors
in satta and fadka or jute futures, gambling in which was strictly prohibited by the company's regulations.Now, however, Frisby square deaf to local advise, had demanded cash. As most of Ram Nath's reputed dealers had been rickshaw pullers
and taxi drivers , the consequences of forced liquidation had been an almighty smash in 1936, involving the branch in a loss of some forty five thousand pounds. The High Court in Chinnapatnam had awarded a judgement in ten days, which it was impossible to enforce........
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- Hyderabad, AP, India
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