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METKORE ALLOYS & INDUSTRIES LTD. |
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Prashant Boorugu
Managing Director
DIN: 389225 |
Saritha Boorugu
Director
DIN: 332209 |
 * |
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*EOW has filed for cancellation of bail |
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| CIN No |
L27101AP2006PLC049591 |
| Address |
Plot No. 18, Sagar Society, Street No.1, Road No. 2, Banjara Hills, Hyderabad - 500034 |
| Mobile |
9848425963 (Prashant Boorugu) |
| Landline |
040-23540195 |
| E-Mail |
bprashant@metkore.com
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tsnr51@gmail.com |
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| BALANCE RECEIVABLE |
 94.83 crore* |
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| * All pay-in dues are as on August 31,
2016 exclusive of interest payable, after taking into
account any money received post closure of exchange
trading on July 31, 2013. |
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| Bank Details : FROZEN* |
- AXIS BANK - 1 Account
- ING VYSYA BANK - 1 Account
- STATE BANK OF INDIA - 1 Account
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| *As per gazette notification |
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| Action by Agencies |
| ECONOMIC OFFENCES WING (EOW), MUMBAI |
PRASHANT BOORUGU
- Arrested on August 11, 2014 and released on
September 11, 2014
- EOW has filed for cancellation of bail in the MPID Court
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| ENFORCEMENT DIRECTORATE (ED) |
- ED is in the process of filing chargesheet as this defaulter
is not named in the initial chargesheet
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| Details of Court Proceedings and Recovery |
Third Party Notice No. 11 of 2014 - Filed on April 23, 2014
NSEL (Pet.) &
1) Metkore Alloys & Industries Ltd
2) Sri Vasavi Industries Ltd (Resp.)
STATUS: Notice of Motion to be placed on board for further ad-interim
reliefs |
STATUS IN MPID COURT:
MA 28 of 2016
NSEL Vs State of Maharashtra, Metkore, SBI and others
STATUS: MPID court has given the bank permission to auction the
property and directed the bank to deposit auction sale proceeds in ‘nolien
account’
Hero Wiretex Pvt. Ltd. offer for purchase of ferrochrome, from Metkore Alloys & Industries Ltd in the custody of the CA now accepted. |
STATUS IN HCC:
Metkore Alloys & Industries Ltd has partially submitted the documents
to High Court Committee for reconcilliation |
ATTACHMENT OF BANK ACCOUNTS:
MPID Court on March 4, 2016 has made absolute the accounts attached
by EOW and has directed CA to transfer the balance from the attached
accounts to CA account. Transfer of the same is pending |
STOCK / ASSET SALE:
MPID Court has directed Competent Authority to conduct auction sale of re's product Ferrochrome. CA has issued auction notice for the
same. Currently, there are no buyers for the stocks lying in the Tekkali
(Andhra Pradesh) Warehouse
Hero Wiretex Pvt. Ltd. offer for purchase of ferrochrome, from Metkore Alloys & Industries Ltd in the custody of the CA now accepted. |
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| Properties secured for attachment by EOW, Crime Branch, CID, Mumbai Police |
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| DEFAULTER |
Metkore Alloys & Industries Ltd. |
| OUTSTANDING
Rs IN CRORE |
94.83 |
| PARENT/MAIN
COMPANY IN
GROUP |
Metkore Alloys |
| WHETHER FACTORY
/PLANT OF PARENT
/MAIN COMPANY
IN GROUP ATTACHED |
Metkore factory attached |
| NO. OF
ASSETS
ATTACHED
IMMOVABLE |
18 |
| NO. OF
ASSETS
ATTACHED
MOVABLE |
4 |
| TOTAL
ASSETS
ATTACHED |
22 |
| DMAT/SHARES
/MUTUAL FUNDS
OF DEFAULTER
/PARENT
COMPANY
/DIRECTORS
ATTACHED |
No |
| BANK ACCOUNTS
OF DEFAULTER/
PARENT
COMPANY/
DIRECTORS
ATTACHED* |
Yes |
| OTHER MOVABLE
ASSETS OF DEFAULTER
/PARENT COMPANY
/DIRECTORS ATTACHED** |
Commodity stock attached |
*We are not aware whether all bank accounts have been attached
**We are not aware whether all movable assets have been attached
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| Property Type |
Location Details |
Area |
| Office |
Plot No 10, Sagar Society, Street No 1, Road No 2, Banjara Hills, Hyderabad, Andhra Pradesh |
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| Factory |
Ravivalasa Village, Tekkali Mandal, Srikakulam Dist, Andhra Pradesh 532212
(Sy No. 64/5A,5B,5C & Sy No. 64/1) |
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| Residence |
Mr. Gajendran S, Director, 15 Ward No.141 Sriramnagar Colony, 787Chennai- 600113, Tamil Nadu, India |
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| Residence |
Mr. Mallikarjuna Rao Kummithe, Mallikarjuna Rao K 427 3B Mn 3 Blk, Hrbr Lyt Kalyan Nagar, Bangalore, 560043, Karnataka, India |
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| Residence |
Mr. Venkata Bhaskara Rao Maddala, 10-3-102,, East Marredpally, Teacher Colony,, Hyderabad, 500026, Andhra Pradesh, India |
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| Residence |
Mr. Rajiv Shamsherbahadur Saxena, Block No1, Flat 2, Bradys Flats,, Sorab Bharucharoad, Colaba, Mumbai, 400005, Maharashtra, India |
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| Bungalow |
Duplex Bunglow-130, 7 Main Road, 4Th Block , Jaya Nagar, Banglore,Karnataka |
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| Bungalow |
H. No. 8-2-269/S/18, Duplex Bunglow-Plot No 18, Sagar Society , Street No 1, Road No 2, Banjara Hills, Hydrabad , A.P 34 |
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| Land |
25 Acer Land-Ravivalasa Village, Tekkali Mandal, Srikakulam Dist A.P.532212 |
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| Factory |
Sri Vasavi Industries - Rolling Mills Division - Rajam - Andhra Pradesh |
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| Factory |
Sri Vasavi Industries - Factory - Wbiidc Industrial Growth Centre, Dwarika, Bishupur 722122, Dist Bankura, Wb |
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| Office |
Sri Vasavi Industries - 1/433, Gariahat Road, Block 4A, 4Th Floor, Jodhpur Park, Kolkata 700068 |
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| Land |
Saritha Boorugu - Land At Survey No 184 (Re Survey No 184/1 184/2) Municipal No. 42/169/177, Amani Bellandur Khane Village, Varthur Hobli, Bangalore East Taluka, Karnataka |
20000 Sq Ft (Out Of 22 Guntas) |
| Factory/Land |
Prashanth Boorugu - Industrial Property At Survey No. 127-1,3,4,12,13,14 122-1,3,4, 118-2,3,4, 2B, 3 Part, 119-8 Part 9 Part,10,11,14, 120-2, 122-5, Anthakapalli Village, Rajam Mandalam, Srikakulam District, Andhra Pradesh |
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| Land |
Saritha Boorugu - Land Situated At S No.45, Vr Agraharam, Rajam Mandal, Srikakulam Dist, Andhara Pradesh |
17.445 Acres |
| Land |
Saritha Boorugu - Land Situated At S No. 36,45,120, Vr Agraharam, Rajam Mandal, Srikakulam District, Andhara Pradesh |
4.08 Acres |
| Land |
Mynah Industries (Prashanth Boorugu & Sarita Boorugu Are Major Share Holders) - Factory Land And Building Situated At Sy. Nos. 66/1D, 66/1E, 66/2, Of Mugalapalli Village, Hosur Taluk, Krishnagiri Dist, Tamilnadu. |
8.43 Acres |
| Flat |
Prashant Boorugu - B-0-4, Oakyard Apts, 38Th Cross, East End, C Main Road, 9Th Block, Jayanagar, Bangalore 560041 |
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| Stock |
Ferrochrome |
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| Bank Account |
Axis Bank - 913020021427061 |
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| Bank Account |
Ing Vysya Bank - 160011015382 |
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| Bank Account |
State Bank of India - 30752939610 |
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| Other Information |
PDF Format |
| Metkore Application form |
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| Metkore Correspondence |
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| Metkore Minutes of meeting-5 Nov 2013 |
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| Metkore Minutes of meeting-22 Oct 2013 |
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| METKORE ALLOYS & INDUSTRIES LTD |
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