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SWASTIK OVERSEAS CORPORATION |
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Rajesh Mehta
POA Holder
DIN: 507811 |
Rajiv Todi
Partner
DIN: 3532665 |
Falguni Mehta
Proprietor
DIN: no data |
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| Outstanding Default Amount |
 90.25 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* |
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| *As per gazette notification |
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| Action by Agencies |
| ECONOMIC OFFENCES WING (EOW), MUMBAI |
RAJESH MEHTA
- Arrested on May 3, 2014 and released on July 9, 2014
bail condition to pay Rs 1.5 Cr per month
- However, he violated the bail condition by not paying
anything till date
- Following EOW’s application for cancellation of his bail on
September 1, 2016, the MPID Court has remanded him to
judicial custody
RAJIV TODI
- Arrested on October 9, 2015 & released on bail on December 7, 2015
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| ENFORCEMENT DIRECTORATE (ED) |
- ED has invoked provisions of PMLA and filed a case No. PMLA
No. 4/2015. PMLA Court is hearing the matter
- As per the money trail in ED chargesheet Swastik Overseas has
diverted funds to Manan Agro Pvt Ltd etc. The funds have been
used for purchase of raw materials, agriculture cultivation at
Modasa, providing loans & advances to various parties etc.
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| Breach of Settlement Agreement |
As per the settlement agreement with NSEL to pay
Rs 87 Cr, Rajesh Mehta has paid only Rs 12.70 Cr** and has
breached the conditions of the settlement agreement
** approx |
| Details of Court Proceedings and Recovery |
Third Party Notice No. 8 of 2014 filed on April 23, 2014
NSEL (Petitioner) &
1) Swastik Overseas Corporation
2) Issan Overseas Ltd
3) Rajesh Mehta & Co
4) Manan Agro Pvt Ltd (Resp.)
STATUS: Notice Of Motion made absolute in terms of prayer clause.
Decree on admission passed for an amount of Rs 91.19 Cr |
EXAL/867/2015 - Filed on April 15, 2015
NSEL (Pet.) and Swastik Overseas Corporation (Resp.)
STATUS: Execution Application for hearing |
STATUS IN MPID COURT:
Bail of Rajesh Mehta has been cancelled by MPID Court on September
1, 2016. He surrendered before the MPID Court and has been sent to
judicial custody
MA 208 of 2016 (MPID court)
NSEL Vs State of Maharashtra and Swastik overseas
STATUS: Pending hearing |
STATUS IN HCC COURT:
HCC has recommended to Hon. Bombay High Court to dispose off the
properties offered by Swastik Overseas |
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
properties located at Ahmedabad. CA has issued auction notice for the
same. The bids received by the CA are pending to be submitted to the
MPID Court |
UPDATE:
Swastik entered into a settlement agreement with NSEL on January 24,
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 |
Swastik Overseas Corporation |
| OUTSTANDING
Rs IN CRORE |
90.25 |
| PARENT/MAIN
COMPANY IN
GROUP |
Manan Agro Pvt. Ltd. |
| WHETHER FACTORY
/PLANT OF PARENT
/MAIN COMPANY
IN GROUP ATTACHED |
No factory. Modasa land
attached |
| NO. OF
ASSETS
ATTACHED
IMMOVABLE |
44 |
| NO. OF
ASSETS
ATTACHED
MOVABLE |
3 |
| 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 |
| Office |
Office 11,Swastik Chambers,Near C.U.Shah Collage,Navjivan Press Rd,Incometax,Ahmedabad-380014,Gujrat |
704 Sq Ft |
| Residence |
Residential Rajesh Kumar Mehta,A/101,Aanal Tower,Opp Honest Restaurant,Commerece Six Road,Ahmedabad |
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| Land |
Agri Land Mr Todi-Village Shivraj,Pura Kampa,Post-Vaniyad,Tehsil-Modasa,Dist-Aravali,Gujrat |
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| Flat |
C 21,Akash Tower,Near Judge Bunglow Rd,Bodakadev,Near Iim Ahmedabad. (Survey No 337/1+2+3 ,T P S No 1B, Final Plot 221) |
345 Sq Yards |
| Residence |
Residential Swastik Overseas,Deesa,C/O. Shah Seventilal,Manilal,Khetaji Mafaji Mali Mudliyar Cold,Rto Cross Rd,New Deesa Bnaskatha,Gujrat |
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| Other |
Other Assets Swastik Overseas Corp,Swastik Chamber 2,Ashram Rd,Near Cu,Shah College,Ahmedabad Gj380014 |
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| Bungalow |
Other Assets Manan Shilaj Pvt Ltd Bunglow |
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| Shop |
12, Ff (Upper Level), Swastik Chambers, Near Navjivan Press Road,Off Ashram Road, Ahmedabad |
500 Sq Ft |
| Shop |
15, Ff (Upper Level), Swastik Chambers, Near Navjivan Press Road,Off Ashram Road, Ahmedabad |
500 Sq Ft |
| Residential Flat |
Flat No 4, 1St Floor , Suvidha Flats, Near Vasna Bus Stop, Ahmedabad (Tps 22 , Fp 343, , Survey No 422,424,430) |
215 Sq Yards |
| Residential Flat |
Flat No 3, 1St Floor , Suvidha Flats, Near Vasna Bus Stop, Ahmedabad (Tps 22 , Fp 343, , Survey No 422,424,430) |
115 Sq Yards |
| Residential Flat |
Flat No A/2, Ground Floor, Aagman Co-Op Housing Society, Bodakdev, Near Judges Bunglow, Ahemdabad (S No 283/1. Tp No 1/B, Plot No 163/B) |
190 Sq Yards |
| Commercial Office |
203,204, Ff, Rajkamal Plaza, Near Sattar Taluka Soc, Shah College, Ashram Road, Ahemdabad |
610 Sq Yards |
| Land |
Village Gokchuvan, Taluka Meghraj, Dist. Arvali, Gujarat |
24.5 Hectors |
| Land |
Village Sangal, Taluka Meghraj, Dist. Arvali, Gujarat |
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| Land |
Village Viniyawada, Taluka Meghraj, Dist. Arvali, Gujarat |
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| Bungalow |
Bungalow No. 31, Pariksha, Village Pisoli, Tal Haveli, Pune, Registered No. Haveli 2/6543/2002 |
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| House |
House No. 25, Saumitra Co-Op, Hsg Society, Jodhpur, Ahmedabad |
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| Flat |
2001, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093 |
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| Industrial |
Rajena Agro Products Pvt Ltd - Industrial Property On Land Bearing Revenue Survey No.1233 Of Khata No.648 Nr. Ashram, Nr. Sujanpura Village, On Sujanpura To Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 |
22359 Sq Mtrs |
| Industrial |
Rajena Agro Products Pvt Ltd - Industrial Property On Land Bearing Revenue Survey No.1235/Paiki Of Khata No.648 Nr. Ashram, Nr. Sujanpura Village, On Sujanpura To Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 |
29253 Sq Mtrs |
| Bungalow |
Rajena Agro Products Pvt Ltd - Mr. Abdhulbhai Dawoodbhai Patel - Bungalow No. 27, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 |
67.93 Sq Mt |
| Bungalow |
Rajena Agro Products Pvt Ltd - Mr. Abdhulbhai Dawoodbhai Patel - Bungalow No. 28, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 |
813 Sq Mt |
| Bungalow |
Rajena Agro Products Pvt Ltd - Mr. Sadik Abdulrahim Patel - Bungalow No. 29, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 |
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| Flat |
Sunil Didwania (Raghukul Enterprises) - Flat No. 804, 8Th Floor A-Wing ,Gardenia , Vasant Valley, Raghukul Co-Op. Hsg. Ltd. Film City Road, Malad (East), Mumbai |
1060 Sq.Ft |
| Land/Building/Factory |
Sunil Didwania (Raghukul Enterprises) - Samruddhi Paper And Pulp Conversion Private Limited - Block No. 472. Adm. 1H.17R. Situated At Gondedumala, Off Mumbai Agra Highway, Tal. Igatpuri, Dist. Nashik., Maharashtra |
1H.17R |
| Flat |
Shilpa Jalan - 2002, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093 |
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| Flat |
Shilpa Jalan - 2003, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093 |
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| Shop |
Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 1 Ground Floor & Shop No. 1 First Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) |
480 Sq Ft Each |
| Office |
Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 2 Ground Floor & Shop No. 2 First Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) |
480 Sq Ft Each |
| Shop |
Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 3 Ground Floor & Shop No. 3 First Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) |
480 Sq Ft Each |
| Office |
Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 4 Ground Floor & Shop No. 4 First Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) |
480 Sq Ft Each |
| Office |
Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 5 Ground Floor & Shop No. 5 First Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) |
480 Sq Ft Each |
| Flat |
Rajena Agro Products Pvt Ltd - Abdulrahim Dawood Patel - A/1205, A.K.Tower Chs Ltd. Madina Manzil Compund, S.V.Road, Goregaon (W), Mumbai, 400062, Maharashtra |
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| Flat |
Rajena Agro Products Pvt Ltd - Hifzur Rehmanabdul Patel - A/1, Ii Nd Floor, Farhan Mehal, S.V.Road, Goregaon, Mumbai, 400062, Maharashtra |
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| Flat |
Sunil Didwania (Raghukul Enterprises) - Flat No. 103, Raghav, Vasant Valley, Raghukul Co-Op. Hsg. Ltd. Film City Road, Malad (East), Mumbai |
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| Land |
Village Vaniyawada, Taluka Meghraj, Dist. Arvali, Gujarat |
7.9 Hectors |
| Land |
Village Navagam, Taluka Dolera, Dist. Ahmedabad, Gujarat |
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| Land |
Village Zanki, Taluka Dhanduka, Dist. Ahmedabad, Gujarat |
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| Land |
Village Bhandgad, Taluka Dhanduka, Dist. Ahmedabad, Gujarat |
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| Land |
Village Adalgaj, Taluka Dhanduka, Dist. Gandhinagar |
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| Flat |
Rajena Agro Products Pvt Ltd - A/1202, A.K.Tower Chs Ltd. Madina Manzil Compund, S.V.Road, Goregaon (W), Mumbai, 400062, Maharashtra |
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| Flat |
Sunil Didwania - 1102, Ivy Tower, Vasant Valley Complex, Film City Road, Malad €, Mumbai 400097 |
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| Flat |
Sunil Didwania - 1103, Ivy Tower, Vasant Valley Complex, Film City Road, Malad €, Mumbai 400097 |
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| Bank Account |
HDFC Bank - 60340023931 |
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| Bank Account |
HDFC Bank - 60340004859 |
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| Bank Account |
HDFC Bank - 990680023229 |
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| Other Information |
PDF Format |
| Swastik Application form |
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| Swastik Correspondence |
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| Swastik Minutes of meeting-24 Dec 2013 |
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| SwastikMinutes of meeting-28 Aug 2013 |
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| SWASTIK OVERSEAS CORPORATION |
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