Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD on the 26th Sep 2015

2.  Scheduled High Court Committee Meeting
 NSEL Defaulter Vimladevi Agrotech Ltd
 Affidavit filed by Vimladevi Aggrotech
 Findings of Vimladevi Aggrotech’s Affidavit
 NSEL’s suggestion to HCC
 Conclusion

3.  High Court Committee meeting was held on 26th of
September 2015
 National Spot Exchange Ltd. (NSEL) Defaulters heard:
 Vimladevi Aggrotech
 Swastik Overseas
 Aastha Minmet / Juggernaut

4.  Vimladevi Agrotech Ltd, was established in Kota city,
Rajasthan in 2007
 Co founders are Chandra Mohan & Varun Gupta
 Deal with soybean, refined oil, de-oiled cake & mustard crude
oil
 Owe Rs 13.94 crores to NSEL

5.  Documents relating to Vimladevi Aggrotech were required to be
produced to the High Court Committee (HCC)
 Affidavit was filed by Advocate appearing on behalf of
Vimladevi Aggrotech
 Filed Affidavit stated documents which were directed by HCC
to be produced were in the custody of the Economic Offences
Wing (EOW)

6.  HCC inspected the affidavit submitted by Advocate of Vimladevi
Aggrotech
 Committee was of the opinion that the direction as allotted by
them in the notice issued to Vimladevi Agrotech last time had not
been complied with
 There were also no statements made regarding the documents
coming forth from Vimladevi

7.  Matter of Vimladevi Aggrotech is before the Honorable High Court
 NSEL hence suggested HCC may make a recommendation to
High Court that Vimladevi is not co-operating
 No intention to comply even with the directions of the High Court
were seen
 Due to no support by Vimladevi, the matter should now be taken
up by the High Court itself

8.  HCC was of the opinion that Vimladevi was not cooperating
 They also observed that Vimladevi had no intentions to comply
with directions of High Court
 HCC therefore had no choice but to rely on documents that
were submitted by NSEL
 NSEL had submitted their affidavit dated 27th April 2015 & a
copy of the same was served upon Vimladevi Agrotech
 Committee will now make appropriate recommendation to
High Court on basis of those documents submitted by NSEL

9. Images are for representation purposes only