For some time now, all the 35 municipal councillors as well as the
mayor have been demanding that this amount be returned so that it can be
spent on the development of the millennium city. But all their efforts
seem to have proved ineffective.

According to the mayor and the
municipal commissioner, the loaned amount will not come back. “We can
make a hue and cry and say that the municipal corporation of Faridabad
(MCF) should give back the Rs 150 crore that we had loaned them, but the
fact remains that it is never going to come back to us. We have tried
our best to get back the money but we have failed. I think we should
forget about it as there is little hope of retrieval,” said Vimal Yadav,
mayor, MCG.

The commissioner too expressed his helplessness
regarding this matter. “We have reminded the state government time and
again about the amount that the MCF needs to repay us but nothing much
has been achieved. We can only keep tying as the interest is also
building up,” said Sudhir Rajpal, commissioner, MCG.

The
councillors are also miffed with this development. “It is very
unfortunate that in all likelihood we will not be getting back our own
money back. We feel cheated as the state government is not doing
anything to help us get the amount. Rs 150 crore is not a small amount
by any measure and the interest generated in the past two years would
have been enormous. The mayor and commissioner should not give up the
fight so easily,” said a councillor.

Others allege that the
mayor and commissioner don’t seem to be serious about managing the
corporation fund. “Apart from the Rs 150 crore that we are all set to
lose, the mayor and the executive members have not even bothered to
collect the Rs 325 crore stamp duty that we were supposed to receive,”
said Subhash Singla, councillor, Ward 18.