Sarvodaya Textile Market Management Faces Bank Notice, Account Sealing Threat
Disgruntled Traders Demand New Executive Body Amid Stalled Elections and Mismanagement
Surat, India – The prestigious Sarvodaya Textile Market, located on Ring Road, Surat, is facing growing discontent among its traders due to the obstinate attitude of the current management. The election of the Management Committee has been pending for years, with the last unanimous election taking place in 2011. Traders have demanded the formation of a new executive body, but their calls have gone unanswered.
In 2021, after constant pressure from the market's traders, a General Assembly was held, during which Arvind Gadia and CA Suraj Soni were unanimously appointed as Secretary and Treasurer, respectively. The election of a new president was promised but has yet to take place, and the appointed Secretary and Treasurer have not been given their responsibilities.
Gadia and Soni allege that the current management is illegally controlling the market's funds and bank accounts, ignoring the demands of the traders. A complaint has been lodged against the three office bearers at the Salabatpura police station, supported by the market's traders.
A written complaint was also filed with the Kalupur Commercial Co-operative Bank, where the Management Committee's account is held. The bank issued a notice to the committee, giving them 30 days to update their account's KYC and provide a copy of the latest general meeting's minutes within three days. Failure to comply could result in the bank account being sealed, potentially blocking the deposited funds.
Executive members of the market, including Mahesh Kedia, Manoj Bafna, Naveen Kedia, Vikas Surana, and Vijay Kedia, report that the current office bearers have long ignored the traders' concerns, and the deadline for the bank notice is approaching. As a result, traders are considering taking matters into their own hands by involving the police and socio-political stakeholders. The process of forming a new executive committee has also been accelerated by the market's member traders.
