NSEL Defaulters called at HCC meeting  Aastha Minmet / Juggernaut  Yathuri Associates  Namdhari Foods  White Water  P.D. Agro Processors

Aastha Minmet / Juggernaut  No one showed up when matter was initially called out at HCC meeting  Later VAT Returns & VAT payment challan were presented  However presented VAT documents were not taken on record  Aastha directed to file VAT Returns & VAT payment challan with their affidavit & appear at next meeting  NSEL brought to notice of HCC that Mohit Agarwal, M.D. of Aastha Group was not cooperating with proceedings of Committee & is absent when his debtors are present  Mohit Agarwal is directed to be present on next date & comply with earlier directions & file required documents  Matter stands adjourned on the 5th of October 2015

Yathuri Associates  No one was present on behalf Yathuri Associates  HCC detected that Mr Gagan Suri Proprietor of Yathuri Associates was not co-operating with ongoing proceedings  NSEL was directed to file their Affidavit for determination of liability, same was filed  HCC directed NSEL to serve a copy of affidavit to Yathuri  Suitable recommendations for Yathuri to appear before HCC will have to be given to Bombay High Court  Application No 47 for sale of Sugar arguments at meeting  NSEL pointed out that sugar was not in a good condition  Mr Suri was ready & willing to buy the same for Rs 1 lakh  HCC was of the view that bids should be called for sale of Sugar on “as is where is basis & recommendations can be made to Bombay High Court

Namdhari Foods  Namdhari Foods submitted that paddy has been sold as per HC order  Money from sale of paddy is lying with Competent Authority  Namdhari not aware whether goods were lifted or not  Namdhari Foods was given an affidavit filed by NSEL, reply to which to be filed by 10th October 2015  Reply to be filed with additional directions to comply with earlier directions  Failing compliance to directions, applicable recommendations will be made by Committee to Bombay High Court  Matter now stands adjourned on the 10th of October 2015

White Water  White Water informed HCC that no notices concerning meetings of committee post 28thApril 2015 were received  Adjournment was asked by White Water  Last chance with directions that the clients are present with relevant documents on 10th October, 2015  NSEL has filed Affidavit for crystallization of liability & copy of same handed over White water  NSEL strongly objected & stated that White Water should remain present & should be directed to comply with earlier order of HCC

P.D. Agro Processors  P.D. Agro requested stay of proceedings due to appeal pending in High Court  They submitted that pending appeal is likely to be listed on 13th October 2015 in High Court  NSEL submitted that PD Agro had not taken any steps for getting appeals listed  8 adjournments have been given till date to P. D Agro  NSEL further argued that in absence of stay from High Court, HCC should recommend High Court to issue directions to appear before HCC  NSEL has filed affidavit for crystallization of liability & copy of same is to be served for record to PD Agro  Matter stands adjourned on the 10th of October 2015

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