Sode Mutt to clear the loans of Shiroor Mutt

Sode Mutt to clear the loans of Shiroor Mutt

April 8: Sode Vadiraj Mutt seer Sri Vishwavallabha Teertha Swami said that Clearing debts related to Shiroor Mutt was the priority than Shiroor Mutt was the priority than selecting successor. Sri Vishwavallabha Teertha Swami has been given additional charge of Shiroor Mutt, which happens to be the Dwandwa Mutt of Sode after the passing away of Lakshmivara Teertha.
The IT Department had slapped Rs 17.34 crore as tax, which was not paid during the tenure of the late Lakshmivara Teertha. Even though the Department had agreed to reduce 80% of the tax, 20% will also prove a huge amount to be paid.
There is another loan amount pending with Corporation Bank in Manipal, taken for the construction of the building. The construction work had stopped due to the differences of the late seer with the builders. The seer had cleared the loan amount up to Rs 5.78 crore and his partner Jayakrishna Shetty had paid Rs 2.77 crore. However, Rs 19.5 crore is yet to be to be paid.
Sode Vadiraj Mutt seer Sri Vishwavallabha Teertha Swami said that once the complications related to loan and pending amount are cleared, only then will the matter of successor be taken up. The repayment of loans and income tax work related to Shiroor Mutt was the priority.

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