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NCS SUGARS LTD. |
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Narayanam Nageswara Rao
Managing Director
DIN: 29420
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| Address |
405, Minar Apartments, Deccan Towers, Basheer Bagh, Hyderabad Andhra Pradesh 500001. |
| CIN |
U15421TG2002PLC039085 |
Mobile |
9346399999 |
| Landline |
040-66665333
040-66666331/ 34/ 35 |
| E-Mail |
nnr@ncsgroup.in
nnrncs@gmail.com |
| Fax |
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| Outstanding Default Amount |
 50.90 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 : Accounts FROZEN* |
HDFC BANK - 1 Account
ICICI BANK - 1 Account |
| *As per gazette notification |
| Action by Agencies |
| ECONOMIC OFFENCES WING (EOW), MUMBAI |
NARAYANAM NAGESWARA RAO :
- Arrested on August 11, 2014 and released on September 11, 2014 on bail condition to pay Rs 50 Lacs per month totalling up to Rs 13 Cr till date
- However, he paid only Rs 2.8 Cr which violated the bail condition
- EOW has filed an application 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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Breach of Settlement Agreement |
| As per the settlement agreement with NSEL to pay Rs 50 Cr, Narayanam Rao has paid only Rs 8 Cr and has breached the conditions of the settlement agreement.
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| Details of Court Proceedings and recovery |
ARBITRATION: NSEL Vs NCS Sugars Pvt Ltd before
Justice A V Savant
STATUS : NSEL filed rejoinder to SOD on April 18, 2016
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STATUS IN MPID COURT:
MA 268 of 2016
NCS industries Vs State of Maharashtra
STATUS: NSEL filed Intervention Application
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STATUS IN HCC:
Arbitration proceedings still in progress |
STOCK / ASSET SALE:
MPID Court has directed CA to conduct auction sale of properties offered by NCS Sugars Ltd.
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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
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UPDATE:
NCS Sugars Ltd entered into a settlement agreement with NSEL on January 21, 2014 but defaulted on the payments
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| Properties secured for attachment by EOW, Crime Branch, CID, Mumbai Police |
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| DEFAULTER |
NCS Sugars Limited |
| OUTSTANDING
Rs IN CRORE |
50.90 |
| PARENT/MAIN
COMPANY IN
GROUP |
NCS Industries |
| WHETHER FACTORY
/PLANT OF PARENT
/MAIN COMPANY
IN GROUP ATTACHED |
NCS factory attached |
| NO. OF
ASSETS
ATTACHED
IMMOVABLE |
45 |
| NO. OF
ASSETS
ATTACHED
MOVABLE |
2 |
| TOTAL
ASSETS
ATTACHED |
47 |
| 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** |
No attachment yet |
*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 |
| Bungalow |
H. No. 8-2-120/86/9A Plot No. 10, Road No. 2, Banjara Hills, Hydrabad 34, Andhra Pradesh |
270 Sq Yards |
| Office |
405, Minar Apartments, Deccan Tower, Bashir Baug, Hyderabad, Bashir Baug, Hyderabad, Andhra Pradesh |
1020 Sq Ft |
| Factory |
Ncs Sugar Factory, Lachhyapat Village, Bobbilli Mandal, Vizianagarm Dist., Andhra Pradesh |
42-45 Accers |
| Residence |
Mr.Qazi Zainulabedin, (Director) 5-1-576, Syed Jung Lane, Troop Bazar, Hyderabad, 500095, Andhra Pradesh, India |
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| Residence |
Mr. Narayanam Murali, (Director) D. No. 68-6-15, Ashok Nagar, Kakinada, 533003, Andhra Pradesh |
3500 Sq Ft |
| Residence |
Mr. Narayanam Srinivas, (Whole-Time Director) D. No. 25-5-22, Subramanyam Pet, Vizianagaram, 535002, Andhra Pradesh, India |
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| Warehouse |
N.C.S Storage, Tank No -T 5 To T8, New Port Area , Beach Road, Kakinada -533007 |
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| Warehouse |
Ncs Industries, Wkpd Tank, Tank No -T01 To T04, Tank No-11-12, Tank No-To1 To T02, N.C.S Industries Pvt Ltd, Beach Road, Wakala Pudi, Near Light |
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| Office |
Ambika Infra Ventures Private Limited, Sco 3,Sector 115, Landran Road, Santemajra Kharar, Punjab-160071 |
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| Office |
Delara Tourism Corporation Limited 402,Minar Apts., Deccan Towers, Basheerbagh, Hyderabad. Hyderabad. Andhra Pradesh-500001 |
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| Office |
Konkan Storage Systems (Karwar) Private Limited H.No.5-9-59, 404, Minar Apartments, Deccan Towers, Basheerbagh Hyderabad Andhra Pradesh-500001 |
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| Office |
Konkan Storage Systems Private Limited Sea Bird Road, Baithkol, Karwar Karnataka-581302 |
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| Office |
Milano Spirits India Private Limited H.No. 3-115, Chinabrahmadevam(Village), Marripudi Post, Peddapuram Mandal, Chinabrahmadevam Andhra Pradesh-500033 |
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| Office |
The Coconada Chamber Of Commerce 26/9/16, Rama Rao Street,Gandhi Nagar, Vijayawada, Andhra Pradesh |
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| Office |
Gayatri Sugars Limited B2, 2Nd Floor, 6-3-1090, Tsr Towers,, Rajbhavan Road, Somajiguda, Hyderabad Andhra Pradesh-500082 |
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| Office |
Nischal'S Smart Learning Solutions Private Limited H.No.1-10-177&177A, 5Th Floor, Varun Towers-1, Begumpet Hyderabad Andhra Pradesh-500016 |
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| Office |
Ammana Bio Pharma Limited Mouli Gram, Elkatur H/O Msvm Puram, Panchayath, Nindra Mandalam, Chittoor Andhra Pradesh-500029 |
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| Office |
Classic E Com Private Limited 3-6-100/1, West Marredpally, Secunderabad Andhra Pradesh-500026 |
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| Land |
9.43 Acres At Sarika Village, Vizianagram (Patta No.168) |
9.43 Acres |
| Land |
Agricultural Land |
22.51 Acre |
| Flat |
Flat No 407, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad |
1020 Sq Ft |
| Flat |
Flat No 408, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad |
1020 Sq Ft |
| Flat |
Flat No 1102, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad (D. No. 59) |
25 Sq Yards (Built Up 1020 Sq Ft) |
| Flat |
Flat No 1103, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad (D. No. 59) |
25 Sq Yards (Built Up 1020 Sq Ft) |
| House |
House At Plot No 9, Nandagirihills 1 (8-2), D No. 293/82/Ngg, Jubilee Hills, Hyderabad |
360 Sq Yds |
| Land |
Plot No 109 U/S No 208/2 At Sarika Village |
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| Land |
Land At Maradam, Ap |
12.81 Acres |
| Land |
Land At Marrivalasa, Ap |
19.10 Acres |
| House |
House At D. No. 31/11, Plot No 11, Yapral , Hyd |
3000 Sq Ft |
| Land |
Land At Alluvada Village , Komarada Kandal, Ap |
20.93 Acres |
| Flat |
Flat No- Ananda Enclave, Vizianagram, H No 19-6-5C, Opp 3 Temples , Annad Gajapati Road |
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| Warehouse |
Godown At Addapusila Village, Parvathipuram Mandal, Vizianagram. Dt |
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| Flat |
Flat On Plot No 59, Situated At Ramakrishna Towers, Krishna Gardens, Allipuram Ward, Visakhapatnam |
1000 Sq Ft |
| Land |
Ncs Sugars Limited - Land At Daduluru Village, Anantapur Dist, Andhara Pradesh |
85 Acres, 81 Cents |
| Land |
Ncs Sugars Limited - Land At Obulareddipalli Village, Anantapur Dist, Andhara Pradesh |
25 Acres, 53 Cents |
| Land |
Ncs Sugars Limited - Land At Maguguvarigondi Village, Gandlapenta Mandal, Anantapur Dist, Andhara Pradesh |
74 Acres, 99 Cents |
| Land |
Ncs Sugars Limited - Land At Thimmanyanipalem Village, Mudigubba Mandal, Anantapur Dist, Andhara Pradesh |
42 Acres, 75Cents |
| Mall |
Ncs Theatre/Multiplex, H.No.5-1-10, Sy.No.163,149/A, Santhapeta, Vizianagaram. Andhara Pradesh |
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| Land |
Ncs Estate - Land At Thammavaram Village, Thammavaram Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh |
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| Land |
Narayanam Murali - Land At Thammavaram Village, Suryaraopet Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh |
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| Land |
N Nageswara Rao - Land At Thammavaram Village, Suryaraopet Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh |
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| Factory |
Ncs Sugars Limited - Factory Building Situated At R.S.No.286/1C, 287/1 To 4,6,8,10,11,248(P), Behind Light House Fisheries Road, Tammavaram, Kakinada , Andhara Pradesh |
6.05 Ac |
| Factory |
Ncs Sugars Limited - Edible Oil Refinery Situated At R.S.No.287/3,6.8,10,11, 286/1C, Ici.248, Behind Light House, Fisheries Road, Tammavaram, Kakinada, Andhara Pradesh |
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| Land |
Ncs - Sy.No. 248 (Part) Of The Land Situated At Vakalpudl (V), Andhara Pradeshiic Iala Vakalapudl, Kakinada Rural Mandai, East Godavari District, Andhara Pradesh |
4977.81 Sq.Mts Or Ac. 1.23 Cents |
| Land |
N Murali - D No 34-1-30, Temple Street, Kakinada, Andhara Pradesh |
357.82 Sq Yards |
| Bank Account |
HDFC Bank - 210340005886 |
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| Bank Account |
ICICI Bank - 18305003053 |
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| Other Information |
PDF Format |
| NCS Sugars Application Form |
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| NCS Sugars Correspondence |
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| NCS SUGARS LIMITED |
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