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Probe Agency Attaches Rs 110 Crore Assets Of Sugar Company In Fraud Case
The Enforcement Directorate Tuesday said it has attached assets worth Rs 110 crore of Simbhaoli Sugars Limited, one of India''s largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.
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Money Laundering Case Against Firm Linked To Amarinder Singh's Son-In-Law
The ED has registered a money laundering case against Simbhaoli Sugars Limited and its executives in connection with an alleged bank loan fraud of Rs 97.85 crore, officials today said.
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Amarinder Singh Dismisses Allegations Against Son-In-Law In 109-Crore Bank Fraud
Punjab Chief Minister Amarinder Singh on Monday flayed "attempts to politicise" the Oriental Bank of Commerce (OBC) case with "unsubstantiated" charges against his son-in-law, who he claimed was being unnecessarily dragged into the controversy.
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Simbhaoli Sugars, Faced With CBI Probe, Says Committed To Clear All Dues
Faced with a CBI probe for alleged loan fraud, the Simbhaoli Sugars on Sunday said it is committed to clear its outstanding dues to the Oriental Bank of Commerce in "due course of time" in consultation with all the lenders.
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In Another Bank Scam, Amarinder Singh's Son-In-Law Among 11 Named By CBI
Punjab Chief Minister Amarinder Singh's son-in-law is among the 11 persons accused of causing a loss of Rs 109 crore to the Oriental Bank of Commerce, the Central Bureau of Investigation (CBI) said. The probe agency has registered a case of fraud against Simbhaoli Sugars Limited -- a private sugar-manufacturing firm based in Uttar Pradesh's Simbhao...
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UP Sugar Firm Allegedly Caused Rs 109 Crore Losses To State-Run Bank
The police said on Sunday it had filed a fraud case against executives of Simbhaoli Sugar for causing alleged losses of Rs 109 crore to state-run Oriental Bank of Commerce
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Mawana Sugars Defaults on Bank Loans, Others May Follow
Plunging sugar prices have forced at least one sugar mill to default on bank loans and could drive others to do the same, the latest sign of the heavy toll a four-year-old supply glut in the country is taking on producers of the sweetener.
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Over 100 Indian companies establish presence in Dubai in 2012 so far
The JLT Free Zone will also launch its 2012 India road show with several events in New Delhi and Mumbai between the May 8-May 11, it said.
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SIMBHAOLI SUGARS LTD. - Result of Postal Ballot
Simbhaoli Sugars Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions, with requisite majority. 1. To hive-off the power business of the Company to an SPV, Simbhaoli Powel Ltd. in order to enhance the power generation capacities at all three complexes as part of business restructuring wi...
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SIMBHAOLI SUGARS LTD. - Notice of Postal Ballot
ballot under the provisions of Section 192A of the Companies Act, 1956 (the Act) read with the provisions of the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 for empowering the Board of Directors of (he Company: 1. to hive-off the power business of the Company to an SPV, Simbhaoli Power Limited in order to enhance the power ge...
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SIMBHAOLI SUGARS LTD. - Induction of Independent Director
Simbhaoli Sugars Ltd has informed BSE that Mr. Ram Sharma, practicing as an advocate at Lucknow, has been inducted as an independent non-executive director on the Board of the Company.
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SIMBHAOLI SUGARS LTD. - Outcome of Board Meeting
Simbhaoli Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2011, inter alia, has transacted and approved the following: 1. The Board proposes to hive off the power business of the Company to an SPV, Simbhaoli Power Ltd., to enhance the power generation capacities at all three complexes as part o...
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SIMBHAOLI SUGARS LTD. - Updates
Simbhaoli Sugars Ltd has informed BSE that the Company has made / agreed to make investments in Simbhaoli Power Ltd, to make its wholly owned subsidiary in the following manner: 1. Name of the Company: Simbhaoli Power Ltd - Number of Shares: 50000 - Amount (in Rs.): 500,000.
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Simbhaoli Sugars Ltd - Delisting of FCCBs from the Singapore Stock Exchange
Simbhaoli Sugars Ltd has informed BSE that on redemption of foreign cunency convertible bonds (FCCBs), the Company has approached the Singapore Stock Exchange for delisting of the bonds. The Company has further informed BSE about confirmation letter issued by Bank of New York in this regard.
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Simbhaoli Sugars Ltd - Equity Shareholders to approve Scheme of Amalgamation
Simbhaoli Sugars Ltd has informed BSE that by an Order made on May 16, 2011, the Hon'ble High Court of Judicature at Allahabad has directed that a meeting of the Equity Shareholders of Simbhaoli Sugars Limited (the Applicant Company) will be held on June 27, 2011, for the purpose of considering, and if thought fit, approving with or without mod...
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Probe Agency Attaches Rs 110 Crore Assets Of Sugar Company In Fraud Case
The Enforcement Directorate Tuesday said it has attached assets worth Rs 110 crore of Simbhaoli Sugars Limited, one of India''s largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.
-
Money Laundering Case Against Firm Linked To Amarinder Singh's Son-In-Law
The ED has registered a money laundering case against Simbhaoli Sugars Limited and its executives in connection with an alleged bank loan fraud of Rs 97.85 crore, officials today said.
-
Amarinder Singh Dismisses Allegations Against Son-In-Law In 109-Crore Bank Fraud
Punjab Chief Minister Amarinder Singh on Monday flayed "attempts to politicise" the Oriental Bank of Commerce (OBC) case with "unsubstantiated" charges against his son-in-law, who he claimed was being unnecessarily dragged into the controversy.
-
Simbhaoli Sugars, Faced With CBI Probe, Says Committed To Clear All Dues
Faced with a CBI probe for alleged loan fraud, the Simbhaoli Sugars on Sunday said it is committed to clear its outstanding dues to the Oriental Bank of Commerce in "due course of time" in consultation with all the lenders.
-
In Another Bank Scam, Amarinder Singh's Son-In-Law Among 11 Named By CBI
Punjab Chief Minister Amarinder Singh's son-in-law is among the 11 persons accused of causing a loss of Rs 109 crore to the Oriental Bank of Commerce, the Central Bureau of Investigation (CBI) said. The probe agency has registered a case of fraud against Simbhaoli Sugars Limited -- a private sugar-manufacturing firm based in Uttar Pradesh's Simbhao...
-
UP Sugar Firm Allegedly Caused Rs 109 Crore Losses To State-Run Bank
The police said on Sunday it had filed a fraud case against executives of Simbhaoli Sugar for causing alleged losses of Rs 109 crore to state-run Oriental Bank of Commerce
-
Mawana Sugars Defaults on Bank Loans, Others May Follow
Plunging sugar prices have forced at least one sugar mill to default on bank loans and could drive others to do the same, the latest sign of the heavy toll a four-year-old supply glut in the country is taking on producers of the sweetener.
-
Over 100 Indian companies establish presence in Dubai in 2012 so far
The JLT Free Zone will also launch its 2012 India road show with several events in New Delhi and Mumbai between the May 8-May 11, it said.
-
SIMBHAOLI SUGARS LTD. - Result of Postal Ballot
Simbhaoli Sugars Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions, with requisite majority. 1. To hive-off the power business of the Company to an SPV, Simbhaoli Powel Ltd. in order to enhance the power generation capacities at all three complexes as part of business restructuring wi...
-
SIMBHAOLI SUGARS LTD. - Notice of Postal Ballot
ballot under the provisions of Section 192A of the Companies Act, 1956 (the Act) read with the provisions of the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 for empowering the Board of Directors of (he Company: 1. to hive-off the power business of the Company to an SPV, Simbhaoli Power Limited in order to enhance the power ge...
-
SIMBHAOLI SUGARS LTD. - Induction of Independent Director
Simbhaoli Sugars Ltd has informed BSE that Mr. Ram Sharma, practicing as an advocate at Lucknow, has been inducted as an independent non-executive director on the Board of the Company.
-
SIMBHAOLI SUGARS LTD. - Outcome of Board Meeting
Simbhaoli Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 15, 2011, inter alia, has transacted and approved the following: 1. The Board proposes to hive off the power business of the Company to an SPV, Simbhaoli Power Ltd., to enhance the power generation capacities at all three complexes as part o...
-
SIMBHAOLI SUGARS LTD. - Updates
Simbhaoli Sugars Ltd has informed BSE that the Company has made / agreed to make investments in Simbhaoli Power Ltd, to make its wholly owned subsidiary in the following manner: 1. Name of the Company: Simbhaoli Power Ltd - Number of Shares: 50000 - Amount (in Rs.): 500,000.
-
Simbhaoli Sugars Ltd - Delisting of FCCBs from the Singapore Stock Exchange
Simbhaoli Sugars Ltd has informed BSE that on redemption of foreign cunency convertible bonds (FCCBs), the Company has approached the Singapore Stock Exchange for delisting of the bonds. The Company has further informed BSE about confirmation letter issued by Bank of New York in this regard.
-
Simbhaoli Sugars Ltd - Equity Shareholders to approve Scheme of Amalgamation
Simbhaoli Sugars Ltd has informed BSE that by an Order made on May 16, 2011, the Hon'ble High Court of Judicature at Allahabad has directed that a meeting of the Equity Shareholders of Simbhaoli Sugars Limited (the Applicant Company) will be held on June 27, 2011, for the purpose of considering, and if thought fit, approving with or without mod...
