BORROWERS WISE RECOVERY TILL DATE Sr. no. CM Group name Members Total Receivables as on 19.02.14 Remarks 1 13960 Aastha Group AASTHA MINMET INDIA PVT LTD 23.45 Aastha/Juggernaut & NSEL had mutually agreed for settlement @ Rs 195 cr. However Mohit appears to be delaying the signing and also renegotiate the amount. He was going to file application in MPID court on Wednesday (19.02.14) with settlement agreement value of Rs. 180 cr; less than the agreed amount. But he has not filed it. We would not approve the same if it is less than Rs 195Cr. 2 14770 JUGGERNAUT PROJECTS LTD 219.20 3 14070 ARK IMPORTS PVT LTD 719.37 Settlement agreement discussions are in progress through EOW. Properties worth Rs. 550 cr has been attached by EOW. Ark has informed that he is ready to give Power of Attorney of these properties to NSEL so that NSEL could sell the properties directly and recover the amount 4 14460 LOIL Group LOIL CONTINENTAL FOOD LTD 347.71 EOW team visited Chandigarh but only few accounts are freezed and few properties of LOIL are attached. LOIL is still not produced 2 major documents required by EOW: a) Balance Sheets of LOIL group companies for last 3 years, and b) Documents confirming the physical transactions for Commodities as per stock offer letters of LOIL to NSEL . 5 14470 LOIL HEALTH FOODS LTD 287.48 6 14350 LOIL OVERSEAS FOODS LTD 85.11 7 14180 LOTUS REFINERIES PVT LTD 252.48 High court has given bail to Arun Sharma on 07.02.14. Neeraj Sharma has spoken to Lotus advocate Dilip Shukla in order to meet Arun Sharma. Meeting tentatively next week 8 14680 METKORE ALLOYS & INDUSTRIES LTD 95.08 NSEL has filed a misc. application before MPID court for sale of stocks of ferrochrome on 07.02.14. Metkore appeared before court and sought for time. Matter kept on 21.02.14. Details of stock has been given to to Phillip Capital/investor so that they can arrange buyer post the court order 9 14510 Mohan India Group MOHAN INDIA PVT LTD 549.58 Default clause of settlement agreement has been invoked. Misc. application filed before MPID court seeking permission to sell land at Civil lines-Delhi & Bikaner. Also for dishonour of settlement cheques case u/s 138 filed against Mohan India on 10.02.14. Matter kept on 26.02.14 for verification. Also NSEL has updated the court on the payment status. On 20.02.14 High Court has given stay on MPID court order of defreezing assets attached by ED 10 14740 TAVISHI ENTERPRISES PVT. LTD. 333.01 11 14260 MSR FOOD PROCESSING 8.82 Not co-operating. EOW send a team to take action. 12 12510 N K PROTEINS LTD 954.41 Has disputed the liability. Now not interacting with NSEL. He will go legal route only. High court has given bail to Nilesh Patel on 28.01.14. Rs. 2.28 Cr received from NK last week 13 13990 Namdhari NAMDHARI FOOD INTERNATIONAL PVT LTD 51.02 Not co-operating. Not responding. 14 14170 NAMDHARI RICE & GENERAL MILLS 10.39 15 14230 NCS SUGARS LIMITED 56.50 Settlement agreement is done at Rs. 50 Cr. in 12 Months. Recd Rs. 1.7 cr against 1st installment. NCS has informed that balance of Rs. 0.30 cr would be paid shortly 16 13790 P D AGROPROCESSORS PVT LTD 633.49 Settlement discussions had been on for last one month. However no significant progress is made because of casual attitude of Mr Surendra Gupta. Though discussion closed at Rs 605 cr settlement but PD Agro is still negotiating. ED has given summons to Surender Gupta & his wife to appear before ED on Thursday 20.02.14 17 14270 SANKHYA INVESTMENTS 0.51 Paid 18 13780 SHREE RADHEY TRADING CO 34.59 NSEL recovery team member (Neeraj Sharma) has gone for settlement discussion and for convening them to sign at Rs 30 cr. Shree Radhey has given offer of Rs. 25 cr. Also NSEL would be filing application in MPID court for selling his stocks worth around Rs. 12 cr 19 14630 SPIN COT TEXTILES PVT LTD 38.26 Spin cot has given non disposal undertaking to court. Spin cot had undertaken to obtain bank consent for charge but now he has said bank has refused, so we have moved contempt petition which is yet to be heard. Spin cot has given an offer of Rs. 15 cr as one time settlement. NSEL has rejected the same and has informed Spicot to do the one time settlement at Rs. 25 cr 20 13910 SWASTIK OVERSEAS CORPORATION 94.04 Settlement agreement is done at 87.5 Cr (few signatures are pending) 21 14660 TOPWORTH STEELS & POWER PVT. LTD. 12.76 Paid Rs. 5.55 Cr keeping aside VAT amount of Rs. 11.09 Cr. Full & Final payment of Rs 5.5 Cr is done and No Dues letter issued to Topworth. 22 14160 VIMLADEVI AGROTECH LIMITED 13.94 Has been asked by EOW to discuss settlement plan with NSEL. He says he is not in a position to repay except for selling his plant which is being attempted. NSEL is searching for investors for the same. 23 14050 WHITE WATER FOODS PVT LTD 84.82 Under settlement discussions. White Water has directly given proposal of Rs. 65 cr to Jt. CP for the settlement agreement. Agreement is expected to be signed soon after further discussions on the final figure 24 14310 YATHURI ASSOCIATES 405.60 Under settlement discussions with EOW. Yathuri has given proposal of Rs. 360 cr. But he is not ready to take sign from the five confirming parties on the settlement agreement. Agreement is expected to be signed soon after further discussions on the final figure Total 5,311.63
Posted on: Thu, 27 Feb 2014 13:04:23 +0000
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