S.
DATE OF ORDER
ENTITY
PERSON
COMPETENT AUTHORITY
REGULATORY CHARGES
REGULATORY ACTION(S) / DATE OF ORDER
FURTHER DEVELOPMENTS
41
19-JUN-2023
SYNDICATE BANK
N.GUNASEELAN
CBI
SANCTIONED AND RELEASE HOUSING LOANS TO INELIGIBLE BORROWERS TO THE TUNE OF RS.155.79 LAC IN MATTER OF SYNDICATE BANK
RIGOROUS IMPRISONMENT FOR SEVEN YEARS
42
02-JUN-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
IMPOSED FINE RS.1,00,000
43
02-JUN-2023
PALPAP ICHINICHI SOFTWARE INTERNATIONAL LTD.
PALANIVEL SENTHILKUMAR
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
44
02-JUN-2023
SJS NETWORK & SERVICES PVT.LTD.
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
IMPOSED FINE RS.1,00,000
45
02-JUN-2023
SJS NETWORK & SERVICES PVT.LTD.
R.KARUNANIDHI
T.R.DHANASEKAR
CBI
SUBMITTED FALSE AND FORGED DOCUMENTS TO AVAIL LOAN AND DID NOT REPAY LOAN AMOUNT THEREBY CAUSING A LOSS OF RS.4.19 CRORE TO INDIAN BANK
RIGOROUS IMPRISONMENT FOR THREE YEARS
46
09-MAY-2023
PUNJAB NATIONAL BANK
R.P.GARG
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
47
09-MAY-2023
SHEETAL REFINERIES LTD.
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
IMPOSED FINE RS.2,00,000
48
09-MAY-2023
SHEETAL REFINERIES LTD.
MANISH BHURARIA
JITENDER KUMAR AGARWAL
SUDHIR BHURARIA
CBI
AVAILED CREDIT FACILITIES THROUGH FALSE STATEMENTS / DOCUMENTS / INFORMATION TO BANK INCLUDING WITH RESPECT TO SHARE APPLICATION MONEY, FALSE STOCK STATEMENTS AND AUDITED BALANCE SHEETS, STATEMENTS WITH FALSE INFORMATION THEREBY CAUSING A LOSS OF RS.53.82 CRORE TO PUNJAB NATIONAL BANK
RIGOROUS IMPRISONMENT FOR FIVE YEARS
49
10-APR-2023
BANK OF MAHARASHTRA
D.R.DESHPANDE
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
50
10-APR-2023
CAT COSMETICS & HEALTHCARE PVT.LTD.
MANOJ B.SHAH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
51
10-APR-2023
KALPATARU COMTRADE PVT.LTD.
DHUMIL V SHETH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
52
10-APR-2023
SABRANG POLYMERS PVT.LTD.
VILESH SHETH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
53
10-APR-2023
SHARP INDUSTRIES LTD.
HASMUKH T.SHETH
VINOD T.SHETH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
54
10-APR-2023
SPL TECHNO CHEM LTD.
MUKESH N.SHAH
SHREYANSH P.SHETH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
55
10-APR-2023
SPL TECHNO CHEM LTD.
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
IMPOSED FINE RS.3,00,000
56
10-APR-2023
VISION AGENCIES PVT.LTD.
VISHAL H.SHETH
CBI
OBTAINED CASH CREDIT FACILITY OF RS.2.10 CRORE AGAINST HYPOTHECATION OF INVENTORY & RECEIVABLES AND LC-INLAND/IMPORT LIMIT OF RS.5.40 CRORE THROUGH FRAUDULENT MEANS & FORGED DOCUMENTS THEREBY CAUSING A LOSSOF RS.2,69,08,482.00 AND UNAPPLIED INTEREST OF RS.1,04,25,069.00 TO BANK OF MAHARASHTRA
RIGOROUS IMPRISONMENT FOR THREE YEARS
57
29-MAR-2023
A.G.K.PACKERS
CBI
AVAILED VARIOUS CREDIT FACILITIES BY SUBMITTING FALSE, FABRICATED AND FORGED DOCUMENTS AS COLLATERAL SECURITY, DIVERTED FUNDS TO OWN PERSONAL USE AND FAILED TO REPAY THE LOAN THEREBY CAUSING A LOSS OF RS.3.72 CRORE (APPROX.) TO IDBI BANK LTD.
IMPOSED FINE RS.3,00,00,000
58
23-FEB-2023
NATIONAL INSURANCE CO.LTD.,THE
SAHDEV KUMAR BUTOLIA
CBI
ISSUED INSURANCE POLICIES FOR OTHER PERSONS WHO HAD NO RELATION WITH STATE BANK OF BIKANER & JAIPUR (NOW STATE BANK OF INDIA) THEREBY CAUSING A LOSS OF RS.27.40 LAC (APPROX.) TO NATIONAL INSURANCE CO.LTD.
RIGOROUS IMPRISONMENT FOR FOUR YEARS
59
02-JAN-2023
AMBIKA & ISHA,M/S
KAZA AMBIKA PRASAD
CBI
SANCTIONED AND DISBURSED LOANS TO INELIGIBLE BORROWERS BY ACCEPTING FAKE ITRS, IGNORE CIBIL REPORTS, VIOLATING BANK PROCEDURE AND NORMS AND DID NOT ENSURE PROPERTY SECURITY THEREBY CAUSING A LOSS OF RS.201.17 LAC (APPROX.) TO IDBI BANK LTD.
RIGOROUS IMPRISONMENT FOR ONE YEAR
60
02-JAN-2023
FINE STEELS
GUDLA RAMESH
CBI
SANCTIONED AND DISBURSED LOANS TO INELIGIBLE BORROWERS BY ACCEPTING FAKE ITRS, IGNORE CIBIL REPORTS, VIOLATING BANK PROCEDURE AND NORMS AND DID NOT ENSURE PROPERTY SECURITY THEREBY CAUSING A LOSS OF RS.201.17 LAC (APPROX.) TO IDBI BANK LTD.
RIGOROUS IMPRISONMENT FOR ONE YEAR
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
First
Previous
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
Next
Last
Page 3 of 48
