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20 NEW DELHI | WEDNESDAY, 5 FEBRUARY 2020 1 > RISHI LASER LIMITED NOTICE CIN: L99999MH1992PLC066412 612, V. K. Industrial Estate, 10/14 Pais Street, Byculla (W), Mumbai-400 011 E-mail : [email protected] Website : www.rishilaser.com Notice is hereby given that pursuant to Regulation 47 read with Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any amendments thereof, a meeting of the Board of Directors of the Company will be held on Wednesday, February 12, 2020, inter alia, to consider, approve and take on record the unaudited financial results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2019. The said notice can be accessed on the Company’s website at www.rishilaser.com and also on the website of the Stock Exchange at www.bseindia.com For RISHI LASER LIMITED Harshad Patel Managing Director Place : Mumbai Date : February 4, 2020. ORDER NSIC ESTATE, OKHLA PHASE III, OKHLA INDUSTRIAL AREA, NEW DELHI, DELHI 110020 DECLARATION OF M/S ENERGO ENGINEERING PROJECTS LIMITED AND ITS DIRECTORS CUM GUARANTORS AS WILFUL DEFAULTERS, ACCOUNTS AT BO: OKHLA, NSIC The proceedings before the Review Committee on Wilful Defaulters related to the identification process of 1. M/s Energo Engineering Projects Ltd., Corporate Office at 249- C,Udyog Vihar, Phase IV,Gurgaon-1 22016 And its Directors Cum Guarantors, 2. Shri Dinesh B Singh, D-46, VardanApartment, IP Ext,-54, Delhi-110092, 3. Smt.Jaya Singh, D- 46, Vardan Apartment, IP Ext.-54, Delhi-110092 as Wilful Defaulters In terms of extant Banks Guidelines, based on the RBI Guidelines laid down vide Master Circular no. DBOD no. CID.BC.22/20.16. 003/2015-16 dated 01.07.2015 relating to declaration of wilful defaulters so as to ensure that no further bank finance is available to such defaulters. It is observed that M/s Energo Engineering Projects Ltd, was sanctioned Cash Credit facility of Rs.38.70 Crore and non fund based limit of Rs. 296 Crore and Term loan of Rs.28 Crore vide sanction letter dated 30.12.2014. The credit facilities were granted under consortium arrangement. with other Banks, State Bank of India being the Lead Bank. In order to secure the loans, besides guarantees of the above Directors, guarantee of Is Energo Infrastructure Development Corporation Ltd. was also obtained and certain properties were also hypothecated and mortgaged to secure the loans. The entire loan was recalled and guarantees were invoked. The above borrower and guarantors defaulted in payment of interest/installments due to which the account has been classified as NPA with outstanding of Rs.36.00 Crore in CC, in Due date default-Rs.216.50 Crore, Rs.77.54 Crore in NFB and 20.16 Crore in Term Loan as on 31.03.2016. The amount outstanding as on 31.03.2019 is Rs.278.65 Crore. One of the operational creditors approached NCLT and liquidation order was passed on 21.08.2018. In view of the conduct of the borrower Company and its Directors, the above account has also been identified for declaration as "Wilful Defaulter' and a notice dated 20.12.2018 was sent to the borrower Company M/s Energo Engineering Projects Ltd, as well as to its above Directors, responsible for looking after the affairs of the said borrower Company involved in events of default to rectify defects to avoid declaration as 'Wilful Defaulter', Pursuant to the said notices dated 20.12.2018, neither any reply/representation was received, nor the defects were not rectified. Hence, the process of declaration of Wilful defaulter was initiated against them. In the process, the facts were placed before the Committee on Wilful Defaulters chaired by Executive Director, who after going through the facts of the matter, evidence on record found that there are events of wilful default committed by the captioned borrower and its above Directors and show cause notices dated 11.07.2019 were sent to above-said obligants informing the reasons for classifying the said persons as "Wilful Defaulters", which inter-alia reads as under:- " Diversion of Funds " They were also informed, if they so desire , they can make a representation to the Bank within 15 days from receipt of notice, as to why they be not classified as wilful defaulters. Inspite of service of the said show cause notice(s), no reply/representation was/were made by the Borrower Company and its above mentioned Directors Cum Guarantors. Therefore, in terms of extant Bank guidelines referred to above, the Identification Committee chaired by Executive Director. after due consideration the above said facts, passed an order on 07.10.2019, recording the fact of wilful default committed by the Borrower Company and above named Directors Cum Guarantors, i.e you as "Wilful Defaulters", for the cogent reason "Diversion of funds" Transaction review audit (TRA) for the period 01/04/16 to insolvency commencement date (05/09/17) was done through Grant Thornton India LLP. As per TRA report following things were observed: • As per Auditor report creditor's balances were adjusted in the books of accounts of the borrower against the outstanding receivables of the company. The amount adjusted is Rs. 120.35 cr. These transactions with 4 debtors were carried out without routing the payments through bank accounts and the creditor balances were settled in preference to the secured creditors. The details of these transactions are as summarized below: ( INR in crore) • As per Auditor report Energo Construction Limited (ECL) (Related Party and creditor of EEPL) account was adjusted with the debtors of EEPL. The detail of these transactions aggregating to Rs.3.71 crore is as under: These transactions were done in the book of accounts of the Corporate Debtors without routing the payments through the bank accounts and the creditor balances of Related Party (i.e., ECL) was settled in preference to the secured creditors. • As per Auditor report Energo Products Limited (EPL) (Related Party and creditor of EEPL) account was adjusted with receivable/advances/additional liabilities given to vendors/debtors of EEPL. • The detail of these transactions aggregating to Rs.0.75 crore is as under: These transactions were done in the book of accounts of the Corporate Debtors without routing the payments through the bank accounts and the creditor balances of Related Party (i.e., EPL) was settled in preference to the secured creditors. Also outstanding balance of INFO 025 crore of Auma (India) Private Limited, creditor of EEPL, was adjusted with the balance of EPL in the books of accounts of the Corporate Debtor. • As per Auditor report that Corporate Debtor has given additional loan amounting to RS.0.04 crore to Patnazi Power Ltd. (Related Party of EEPL). It was observed that as on 01.04.2016 the opening balance of loan to Patnazi Power Ltd. was Rs.0.49 crore. • As per Auditor corporate Debtor had obtained seven vehicle loans from ICICI Bank Ltd. and HDFC Bank Ltd. for cars used by the employees of EEPL and owned by Corporate Debtor. The Vehicle loan amount is aggregated to Rs.1,11 crore, out of this Rs,0.28 crore was repaid by the Corporate Debtor to ICI C1 Bank Ltd. and HDFC Bank Ltd. by defeating the principle of priority of payments. • As per Auditor certain transactions of loans/advances between the Corporate Debtor and Energo Products Ltd. that were set-off on the same/next day. On 12.09.2016 Rs.0.07 crore were transferred by Energo Products Ltd. to Corporate Debtor and on the same day the amount was transferred back. Again on 08.10.2016 Rs.0.75 crore were transferred by Energo Products Ltd. to Corporate Debtor and on the next day the amount was transferred back. The order dated 07.10.2019 of the Identification Committee chaired by Executive Director was served upon the Borrower Company as well as its above Directors Cum Guarantors. They were also informed, if they so desire, they can make a written representation against the above order of identification Committee, within a period of 15 days to the Review Committee headed by the MD & CEO of the Bank. Inspite of service of the said Order of Identification Committee, no reply/representation was/were made by the said obligants to the Review Committee. The Review Committee chaired by MD& CEO and consisting of 2 Directors of the Bank and two General Managers, Sastra Division, after due consideration the above said facts and evidence on record found that there are events of wilful default committed by the captioned borrower and its above Directors Cum Guarantors as they are responsible for Diversion of Funds , which constitute a cogent ground of being declared as 'Wilful Defaulter' in terms of extant Bank guidelines issued vide HO: Recovery Division Circular no. 22/2015 dated 31.08.2015 issued in consonance with the RBI guidelines/Master Circular No DBOD no,CID.BC.22/20.16, 003/2015-16 dated 01.07,2015 . Accordingly,the Review Committee vide its order dated 13.12.2019 declared following persons i.e you as "Wilful Defaulters" 1. M/s Energo Engineering Projects Ltd., Corporate Office at 249-C,Udyog Vihar, Phase 1V,Gurgaon-122016And its Directors Cum Guarantors 2. Shri Dinesh B Singh, D-46, VardanApartment, IP Ext.-54, Delhi-110092 3. Smt.Jaya Singh, D-46, VardanApartment, IP Ext.-54, Delhi-110092 Yours Faithfully (J.R. RATH) Dy. General Manager, SASTRA DIVISION, HO : New Delhi (On Behalf of Committee for identification of Wilful Defaulters) S. No. Debtors Name Amount NTPC Limited- Kudgi site Rajasthan Rajya Vidyut Utpadan Nigam Limited(RRVUNL) Indian Power Corporation(Haldia) Limited NTPC Limited- Sipat site Total 1. 2. 3. 4. 82,34 30.78 3.88 3.35 120.35 S. No. Particulars Amount Adani Infra-Retention money M.P.Power Generating Company Limited-Khandwa Total 1. 2. 3.04 0.67 3.71 S. No. Particulars Amount Indian Power Corporation Lakshmi Macfab Rattan Hose & Engineering Works Total 1. 2. 3. 0.39 0.30 0.06 0.75 Sd/ Authorized Officer INDIABULLS HOUSING FINANCE LIMITED APPENDIX IV [See rule 8 (1)] POSSESSION NOTICE (for immovable property) Whereas, The undersigned being the Authorized Officer of the INDIABULLS HOUSING FINANCE LIMITED (CIN:L65922DL2005PLC136029) under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and in exercise of powers conferred under Section 13 (12) read with Rule 3 of the Security Interest (Enforcement) Rules, 2002 issued Demand Notice dated 18.10.2019 calling upon the Borrower(s) GANGA RAM AND NITU ALIAS NEETU to repay the amount mentioned in the Notice being Rs.20,28,204/- (Rupees Twenty Lakh Twenty Eight Thousand Two Hundred Four Only) against Loan Account No.HHLDCP00305658 as on 17.10.2019 and interest thereon within 60 days from the date of receipt of the said Notice The Borrower (s) having failed to repay the amount, Notice is hereby given to the Borrower (s) and the public in general that the undersigned has taken symbolic possession of the property described herein below in exercise of powers conferred on him under Sub-Section (4) of Section 13 of the Act read with Rule 8 of theSecurity Interest (Enforcement) Rules, 2002 on 03.02.2020 The Borrower (s) in particular and the public in general is hereby cautioned not to deal with the property and any dealings with the property will be subject to the charge of the INDIABULLS HOUSING FINANCE LIMITED for an amount of Rs.20,28,204/- (Rupees Twenty Lakh Twenty Eight Thousand Two Hundred Four Only) as on 17.10.2019 and interest thereon. The Borrower’s attention is invited to provisions of Sub-Section (8) of Section 13 of the Act in respect of time available, to redeem the secured assets. DESCRIPTION OF THE IMMOVABLE PROPERTY FLAT NO. – FF4 (MIG), RIGHT-HAND BACK SIDE, HAVING COVERED AREA OF 500 SQUARE FEET EQUIVALENT TO 46.45 SQUARE METERS ON 1ST FLOOR, (WITHOUT ROOF RIGHTS), CONSTRUCTED ON PLOT NO. C – 9/4 SITUATED IN DLF ANKUR VIHAR, GRAM SADULLABAD, PARGANA & TEHSIL LONI, GHAZIABAD – 201001, UTTAR PRADESH THE SAID FLAT IS BOUNDED AS FOLLOWS EAST : PLOT NO. C – 9/4A WEST : FLAT NO. FF – 3 (M.I.G) NORTH : PLOT NO. C – 8/5A SOUTH : COMMON PASSAGE AND STAIRS Date : 03.02.2020 Place : GHAZIABAD ORIENTAL BANK OF COMMERCE (A GOVT. OF INDIA UNDERTAKING) Credit Facilties Sanctioned/availed Balance outstanding as on 31.12.2019 Recorded Interest upto 31.12.2019 Total outstanding as on 31.12.2019 Rate of intt @ Charged from time to time Authorized officer (Ram Singh Regar) Details of outstanding- (Amount in Rs.) Details of Securities REGISTERED POST (AD)/SPEED POST Date:- 03-01-2020 The above account has been running unsatisfactory for quite some time and you are, therefore, in default as you have failed to take steps to regularize/adjust your account in respect of such debt as stated herein above. In view of the said default, your account has been classified as a non-performing asset by the Bank on 26-12-2019.In the circumstances The bank has decided to recall the advance granted to you in terms of Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002.You are ,therefore, now required to discharge in full the bank’s liabilities with up to date interest as per the details mentioned above within a period of 60 days from the date of the notice failing which the bank shall take necessary action for enforcement of the secured assets to realize its dues. The details of the secured assets intended to be enforced by the bank, in event of non-payment of the full liabilities as stated herein above ,are stated here under:- Hypothecation of Verna CRDI Car (Diesel) Make 2016 Car Registration No. RJ 01 CD 0130 Engine No. D4FBGM124012 Chasis No. MALCU41ULGM220334*G Luv Ojha S/o Narottam Mohan Ojha No. C-40, M. D. Colony, Naka Madar Ajmer Present Address- Luv Ojha S/o Narottam Mohan Ojha A,104,Homes 121,Sec121, Noida 201301(UP) Date 04.02.2020 Dear Sir/Madam, REG: ACCOUNT NO-01536516000523 LUV OJHA S/O NAROTTAM MOHAN OJHA BRANCH STATION ROAD,AJMER Car Loan Rs.11.00 lacs Rs. 736200.86 Rs. 23214.00 8.90 % P.A. charged monthly Rs. 759414.86 RECALL NO RECALL NOTICE UNDER SECTION 13(2) OF THE SECURITISA TICE UNDER SECTION 13(2) OF THE SECURITISATION AND RECONSTR TION AND RECONSTRUCTION UCTION OF FINANCIAL ASSETS AND ENFOR OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST A CEMENT OF SECURITY INTEREST ACT CT, 2002 , 2002 Luv Ojha S/o Narottam Mohan Ojha A,104,Homes 121,Sec121,Noida 201301(UP) RECOVERY DEPARTMENT, CIRCLE OFFICE 10th ‘E’ ROAD, SARDARPURA JODHPUR (RAJ.) – 342007, TELEPHONE: 0291-2623586 |9813021248| E-MAIL: [email protected] Name and address of Mortgagor/Hypothecator
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