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SPIN-COT TEXTILES PVT. LTD.
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Ghanta K. Rao
Managing Director
DIN: 292636
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Ghanta Kasturi
Director
DIN: 292668
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| Address |
D. No. 4-5-60/2/A, Sai Baba Road, Guntur 522006, Andhra Pradesh. |
| CIN |
U17301AP2005PTC048639 |
| Mobile |
9177828282 (Ghanta Kameshwara Rao) |
| Landline |
0863-2243152 |
| E-Mail |
cmd@spincotindia.com |
| Fax |
0863-2243107 |
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| Outstanding Default Amount |
 36.63 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* |
| AXIS BANK - 2 Accounts |
| *As per gazette notification |
| Action by Agencies |
| ECONOMIC OFFENCES WING (EOW), MUMBAI |
- KAMESHWARA RAO GHANTA : Arrested on August 11, 2014 and released on bail on November 20, 2014
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| ENFORCEMENT DIRECTORATE (ED) |
- ED has invoked provisions of PMLA and filed a case No. 4/2015. PMLA Court is hearing the matter
- As per the money trail in ED chargesheet, Spin Cot has diverted funds for repayment of bank loans, purchase of raw materials, etc.
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| Details of Court Proceedings and recovery |
ARBITRATION before Justice A V Savant
NSEL Vs Spin Cot Textiles
STATUS : Pending hearing |
STATUS IN MPID COURT:
NSEL filed application in MPID Court seeking directions to banks to deposit the amount received from Spin Cot Textiles towards the repayment of loan taken by them
MA 48 of 2014
NSEL Vs State of Maharashtra, SPIN COT, IOB, PNB
STATUS: Pending hearing |
STATUS IN HCC:
Arbitration proceedings is still in progress |
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Properties secured for attachment by EOW, Crime Branch, CID, Mumbai Police |
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| DEFAULTER |
Spin Cot Textiles Pvt Ltd |
| OUTSTANDING
Rs IN CRORE |
36.63 |
| PARENT/MAIN
COMPANY IN
GROUP |
Spin Cot Textiles |
| WHETHER FACTORY
/PLANT OF PARENT
/MAIN COMPANY
IN GROUP ATTACHED |
Spin Cot factory attached |
| NO. OF
ASSETS
ATTACHED
IMMOVABLE |
11 |
| NO. OF
ASSETS
ATTACHED
MOVABLE |
2 |
| TOTAL
ASSETS
ATTACHED |
13 |
| 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 |
| House |
4-5-60/2/A, Saibaba Road, Vill. Kordepadu, Guntur, Andhra Pradesh |
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| Factory |
Survey No. 35/1, 35/2, 35/3, 31/4, 31/5, 36/1, 36/2, 36/3, 36/4, 39/1, 39/2, 39/4, 39/5, 39/7, Nh-5, 19 K.M. Opp. Pearl Beverages Ltd, Marripalem Unnava, Edlapadu Mandal, Guntur 522233, Andhra Pradesh |
24 Acres & 45 Cents |
| Office |
Ghanta Creative Exports Private Limited, 6-20-14, 1St Floor, 9/1, Arundelpet Guntur – 2 Ap -522002 |
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| Office |
Lakshmi Ganapathi Ginners Private Limited, Satyanarayana Enclave, Icon Block, 3Rd Floor, Madinaguda Hyderabad-500049 Andhra Padesh |
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| Office |
Guntur Green Power Generation Private Limited, D 6- 20 -14, First Floor, 9/1 Arundelpet, Guntur, Andhra Pradesh, India |
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| Warehouse |
Spin-Cot Textiles Pvt. Ltd, Marripalem, Unnava Mandal, Guntur Dist, Andhra Pradesh |
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| Warehouse |
G.S.R. Spinning Mills Pvt. Ltd, Nadimpalem, Parthipadu Mandal, Guntur Dist, Andhra Pradesh |
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| Land |
Ghanta Kameshwara Rao - Land At D No 268 And D No 269/2 Pedapalakaluru, Advitakkellpadu Grama Panchayat, Nallapadu Sub Dist, Guntur, Andhara Pradesh |
749.60 Sq Yards |
| Land |
Ghanta Kasthuri W/O Ghanta Kameshwara Rao - Land At D No 268 And D No 269/2 Pedapalakaluru, Advitakkellpadu Grama Panchayat, Nallapadu Sub Dist, Guntur, Andhara Pradesh |
324.24 Sq Yards |
| Land |
Spin Cot Textiles Pvt Ltd - Agricultural Land At D No. 35/2, Marripalem, Mannva Village Panchayat, Prattipadu Mandal, Guntur, Andhara Pradesh |
Ac 1.12 Cents |
| Land |
Ghanta Creative Exports Private Limited - R.S.No 81/1,3,4,5, 82/2, 80/6,8,9,10,11,12&13, 91/1 At Marripalem Unnava, Edlapadu Mandal, Guntur 522233, Andhra Pradesh |
12.78 Acres |
| Bank Account |
AXIS Bank - 912020062941240 |
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| Bank Account |
AXIS Bank - 913020004327142 |
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Other Information |
PDF Format |
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SPINCOT Application form |
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SPINCOT Correspondence |
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SPINCOT Minutes of meeting-6 Mar 2014 |
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SPINCOT Minutes of meeting-17 Feb 2014 |
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SPINCOT Minutes of meeting-26 Sept 2013 |
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SPINCOT Minutes of meeting-28 Aug 2013 |
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SPIN COT TEXTILES PVT LTD |
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