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 Scheduled High Court Committee Meeting  NSEL Defaulter Vimladevi Agrotech Ltd  Affidavit filed by Vimladevi Aggrotech  Findings of Vimladevi Aggrotech’s.

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Presentation on theme: " Scheduled High Court Committee Meeting  NSEL Defaulter Vimladevi Agrotech Ltd  Affidavit filed by Vimladevi Aggrotech  Findings of Vimladevi Aggrotech’s."— Presentation transcript:

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2  Scheduled High Court Committee Meeting  NSEL Defaulter Vimladevi Agrotech Ltd  Affidavit filed by Vimladevi Aggrotech  Findings of Vimladevi Aggrotech’s Affidavit  NSEL’s suggestion to HCC  Conclusion

3  High Court Committee meeting was held on 26th of September 2015  National Spot Exchange Ltd. (NSEL) Defaulters heard:  Vimladevi Aggrotech  Swastik Overseas  Aastha Minmet / Juggernaut

4  Vimladevi Agrotech Ltd, was established in Kota city, Rajasthan in 2007  Co founders are Chandra Mohan & Varun Gupta  Deal with soybean, refined oil, de-oiled cake & mustard crude oil  Owe Rs 13.94 crores to NSEL

5  Documents relating to Vimladevi Aggrotech were required to be produced to the High Court Committee (HCC)  Affidavit was filed by Advocate appearing on behalf of Vimladevi Aggrotech  Filed Affidavit stated documents which were directed by HCC to be produced were in the custody of the Economic Offences Wing (EOW)

6  HCC inspected the affidavit submitted by Advocate of Vimladevi Aggrotech  Committee was of the opinion that the direction as allotted by them in the notice issued to Vimladevi Agrotech last time had not been complied with  There were also no statements made regarding the documents coming forth from Vimladevi

7  Matter of Vimladevi Aggrotech is before the Honorable High Court  NSEL hence suggested HCC may make a recommendation to High Court that Vimladevi is not co-operating  No intention to comply even with the directions of the High Court were seen  Due to no support by Vimladevi, the matter should now be taken up by the High Court itself

8  HCC was of the opinion that Vimladevi was not cooperating  They also observed that Vimladevi had no intentions to comply with directions of High Court  HCC therefore had no choice but to rely on documents that were submitted by NSEL  NSEL had submitted their affidavit dated 27th April 2015 & a copy of the same was served upon Vimladevi Agrotech  Committee will now make appropriate recommendation to High Court on basis of those documents submitted by NSEL

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