Nagpur: In a gathering of the committee of collectors (CoC) for Seam Industries Limited — a subsidiary of Sunil Hi-Tech — a city corporate, issues had been raised on motion of funds between the two entities. It was once pointed out that the dealing might be fraudulent too.
During the CoC assembly held on Thursday, it was once discussed that an amount of Rs73 crore which is more than the overall declare by the collectors went from Seam Industries to Sunil Hi-Tech. The switch happened when the subject for starting up company insolvency resolution procedure (CIRP) towards the company was once beneath adjudication.
Both, the father or mother corporate Sunil Hi-Tech and its wholly owned subsidiary Seam Industries, which is located at Butibori, are facing insolvency lawsuits since nearly a year.
The politically influential Gutte family which is said to overdue BJP chief Gopinath Munde has pursuits in workforce corporations. Sunil Gutte, the son of cooperative chief Ratnakar Gutte, has been embroiled in a Rs5,400 crore farm mortgage rip-off heads Sunil Hi-Tech. His brother Vijay Gutte is the director of ‘Accidental Prime Minister’ film.
For Seam Industries, the CIRP was once initiated by a consortium of three lenders led by UCO Bank which has a 66% percentage. It is adopted by Punjab National Bank and UCO Bank. Representatives of the 3 corporations form the CoC.
It was once pointed by the CoC chairperson that while going during the declare paperwork submitted by Sunil Hi-Tech, it was once observed at a sum of over Rs73 crore was once paid by Seam Industries to it from April 1, 2017 to March 7 2018. IdealNews has a replica of the mins of the CoC assembly.
The chairperson said the funds had been transferred when the subject for starting up CIRP was once beneath adjudication earlier than the nationwide corporate legislation tribunal (NCLT). The sum was once netted off towards 2 journal vouchers. The chairman said those transaction can be fraudulent, relying upon the end use of these funds.
It has been discussed within the mins that the chairperson had also sought a proof from the executive monetary officer (CFO) of Sunil-Hi-Tech concerning the transactions but had now not gained any response. There was once no response at the subject from forensic auditor of Sunil Hi-Tech, say the mins.
A consultant of the promoters told IdealNews that all of the accounts had been audited earlier than being submitted earlier than NCLT. Things will probably be clear as soon as the forensic audit is done.
During the CoC assembly held on Thursday, it was once discussed that an amount of Rs73 crore which is more than the overall declare by the collectors went from Seam Industries to Sunil Hi-Tech. The switch happened when the subject for starting up company insolvency resolution procedure (CIRP) towards the company was once beneath adjudication.
Both, the father or mother corporate Sunil Hi-Tech and its wholly owned subsidiary Seam Industries, which is located at Butibori, are facing insolvency lawsuits since nearly a year.
The politically influential Gutte family which is said to overdue BJP chief Gopinath Munde has pursuits in workforce corporations. Sunil Gutte, the son of cooperative chief Ratnakar Gutte, has been embroiled in a Rs5,400 crore farm mortgage rip-off heads Sunil Hi-Tech. His brother Vijay Gutte is the director of ‘Accidental Prime Minister’ film.
For Seam Industries, the CIRP was once initiated by a consortium of three lenders led by UCO Bank which has a 66% percentage. It is adopted by Punjab National Bank and UCO Bank. Representatives of the 3 corporations form the CoC.
It was once pointed by the CoC chairperson that while going during the declare paperwork submitted by Sunil Hi-Tech, it was once observed at a sum of over Rs73 crore was once paid by Seam Industries to it from April 1, 2017 to March 7 2018. IdealNews has a replica of the mins of the CoC assembly.
The chairperson said the funds had been transferred when the subject for starting up CIRP was once beneath adjudication earlier than the nationwide corporate legislation tribunal (NCLT). The sum was once netted off towards 2 journal vouchers. The chairman said those transaction can be fraudulent, relying upon the end use of these funds.
It has been discussed within the mins that the chairperson had also sought a proof from the executive monetary officer (CFO) of Sunil-Hi-Tech concerning the transactions but had now not gained any response. There was once no response at the subject from forensic auditor of Sunil Hi-Tech, say the mins.
A consultant of the promoters told IdealNews that all of the accounts had been audited earlier than being submitted earlier than NCLT. Things will probably be clear as soon as the forensic audit is done.
CoC questions fund flow from Sunil Hi-Tech arm
![CoC questions fund flow from Sunil Hi-Tech arm]()
Reviewed by Kailash
on
April 20, 2019
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