SlideShare a Scribd company logo
1 of 8
OUTCOME OF
HIGH COURT COMMITTEE MEETINGS
AGENDA
 Purpose of HCC meetings
 HCC meeting on 21st Aug 2015
 Court Hearing of Yathuri Associates
 Court Hearing of Aastha Group
 Conclusion
PURPOSE OF HIGH COURT COMMITTEE
(HCC) MEETINGS
 Matters of National Spot Exchange Limited (NSEL) defaulters
are ongoing at HCC meetings in regards to NSEL crisis
 Plenty of legal proceedings & notices are conducted & issued
almost every month
 Main purpose is to resolve & recover defaulted amount from
NSEL defaulters
HCC MEETING ON 21ST AUG 2015
 Held on 21st of Aug 2015
 NSEL matters conducted before Justice Dalvi
 Yathuri Associates was listed for hearing
 NSEL defaulter Gagan Suri, Proprietor of Yathuri Associates present
 Aastha Juggernaut was also listed for hearing on that day
 Mohit Aggarwal, Managing Director of Aastha Group present
 Lawyers of both parties were present at the meeting
COURT HEARING OF
YATHURI ASSOCIATES
 Outstanding default amount of Rs. 399.60 cr in NSEL crisis
 They submitted required bank statements in court
 They also submitted IT Returns
 Gagan Suri, Proprietor of Yathuri Associates was granted bail
 He is required to remain present as & when required as per
Hon'ble Court’s order
COURT HEARING OF
AASTHA GROUP
 Outstanding default amount of Rs. 241.75 crores in NSEL crisis
 Aastha Group submitted incomplete bank statements at HCC meeting
 No possession of required docs of Juggernaut
 Only one bank account details available
 No disclosure of immovable & movable assets
 Current Director of company was asked to whom warrant should be issued
to
 Reply given that there were no Directors as all had resigned
 They also stated that Mohit Aggarwal, Promoter of Aastha Group was the
only one left
 The court then asked to file affidavit for the same
CONCLUSION
 Recovery process from NSEL defaulters going on for almost a
year
 Process is taking a significantly long amount of time
 Trading clients who have lost their money on the platform, are
still waiting for justice
 There has been no substantial result as yet
 Speedy recovery process is awaited to bring about relief to
NSEL trading clients
Outcome of High Court Committee Meetings

More Related Content

More from Purab Gandhi

FTIL –NSEL Merger not justified
FTIL –NSEL Merger not justifiedFTIL –NSEL Merger not justified
FTIL –NSEL Merger not justifiedPurab Gandhi
 
Nsel’s role in recovery
Nsel’s role in recoveryNsel’s role in recovery
Nsel’s role in recoveryPurab Gandhi
 
Late Night Eateries in Mumbai
 Late Night Eateries in Mumbai Late Night Eateries in Mumbai
Late Night Eateries in MumbaiPurab Gandhi
 
Highlights of PM Modi's UK Tour
Highlights of PM Modi's UK TourHighlights of PM Modi's UK Tour
Highlights of PM Modi's UK TourPurab Gandhi
 
Forced merger of nsel ftil will corrode investors’ sureness
Forced merger of nsel ftil will corrode investors’ surenessForced merger of nsel ftil will corrode investors’ sureness
Forced merger of nsel ftil will corrode investors’ surenessPurab Gandhi
 
HCC Proceedings of NSEL Defaulters
HCC Proceedings of NSEL DefaultersHCC Proceedings of NSEL Defaulters
HCC Proceedings of NSEL DefaultersPurab Gandhi
 
The Indian Black Money Saga
The Indian Black Money SagaThe Indian Black Money Saga
The Indian Black Money SagaPurab Gandhi
 
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTDCourt Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTDPurab Gandhi
 
Perfumes – Celebrity Impressions
Perfumes – Celebrity Impressions Perfumes – Celebrity Impressions
Perfumes – Celebrity Impressions Purab Gandhi
 
Bollywood Hollywood
Bollywood HollywoodBollywood Hollywood
Bollywood HollywoodPurab Gandhi
 
10 Weird Food Festivals
10 Weird Food Festivals10 Weird Food Festivals
10 Weird Food FestivalsPurab Gandhi
 
Wondrous Wimbledon
Wondrous WimbledonWondrous Wimbledon
Wondrous WimbledonPurab Gandhi
 
Deputy Collector Sakhare dawdles on defaulter assets
Deputy Collector Sakhare dawdles on defaulter assetsDeputy Collector Sakhare dawdles on defaulter assets
Deputy Collector Sakhare dawdles on defaulter assetsPurab Gandhi
 
FMC's unfairness towards FTIL-NSEL merger
FMC's unfairness towards FTIL-NSEL mergerFMC's unfairness towards FTIL-NSEL merger
FMC's unfairness towards FTIL-NSEL mergerPurab Gandhi
 

More from Purab Gandhi (14)

FTIL –NSEL Merger not justified
FTIL –NSEL Merger not justifiedFTIL –NSEL Merger not justified
FTIL –NSEL Merger not justified
 
Nsel’s role in recovery
Nsel’s role in recoveryNsel’s role in recovery
Nsel’s role in recovery
 
Late Night Eateries in Mumbai
 Late Night Eateries in Mumbai Late Night Eateries in Mumbai
Late Night Eateries in Mumbai
 
Highlights of PM Modi's UK Tour
Highlights of PM Modi's UK TourHighlights of PM Modi's UK Tour
Highlights of PM Modi's UK Tour
 
Forced merger of nsel ftil will corrode investors’ sureness
Forced merger of nsel ftil will corrode investors’ surenessForced merger of nsel ftil will corrode investors’ sureness
Forced merger of nsel ftil will corrode investors’ sureness
 
HCC Proceedings of NSEL Defaulters
HCC Proceedings of NSEL DefaultersHCC Proceedings of NSEL Defaulters
HCC Proceedings of NSEL Defaulters
 
The Indian Black Money Saga
The Indian Black Money SagaThe Indian Black Money Saga
The Indian Black Money Saga
 
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTDCourt Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
 
Perfumes – Celebrity Impressions
Perfumes – Celebrity Impressions Perfumes – Celebrity Impressions
Perfumes – Celebrity Impressions
 
Bollywood Hollywood
Bollywood HollywoodBollywood Hollywood
Bollywood Hollywood
 
10 Weird Food Festivals
10 Weird Food Festivals10 Weird Food Festivals
10 Weird Food Festivals
 
Wondrous Wimbledon
Wondrous WimbledonWondrous Wimbledon
Wondrous Wimbledon
 
Deputy Collector Sakhare dawdles on defaulter assets
Deputy Collector Sakhare dawdles on defaulter assetsDeputy Collector Sakhare dawdles on defaulter assets
Deputy Collector Sakhare dawdles on defaulter assets
 
FMC's unfairness towards FTIL-NSEL merger
FMC's unfairness towards FTIL-NSEL mergerFMC's unfairness towards FTIL-NSEL merger
FMC's unfairness towards FTIL-NSEL merger
 

Recently uploaded

The AES Investment Code - the go-to counsel for the most well-informed, wise...
The AES Investment Code -  the go-to counsel for the most well-informed, wise...The AES Investment Code -  the go-to counsel for the most well-informed, wise...
The AES Investment Code - the go-to counsel for the most well-informed, wise...AES International
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...Amil baba
 
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree 毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree ttt fff
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Sonam Pathan
 
Financial analysis on Risk and Return.ppt
Financial analysis on Risk and Return.pptFinancial analysis on Risk and Return.ppt
Financial analysis on Risk and Return.ppttadegebreyesus
 
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Amil baba
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxnaikparas90
 
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Amil baba
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Sonam Pathan
 
Gender and caste discrimination in india
Gender and caste discrimination in indiaGender and caste discrimination in india
Gender and caste discrimination in indiavandanasingh01072003
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Devarsh Vakil
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...amilabibi1
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppmiss dipika
 
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...Amil baba
 
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...Amil baba
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxANTHONYAKINYOSOYE1
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxNarayaniTripathi2
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...Amil baba
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfHenry Tapper
 
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...Amil baba
 

Recently uploaded (20)

The AES Investment Code - the go-to counsel for the most well-informed, wise...
The AES Investment Code -  the go-to counsel for the most well-informed, wise...The AES Investment Code -  the go-to counsel for the most well-informed, wise...
The AES Investment Code - the go-to counsel for the most well-informed, wise...
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
 
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree 毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
毕业文凭制作#回国入职#diploma#degree美国宾夕法尼亚大学毕业证成绩单pdf电子版制作修改#毕业文凭制作#回国入职#diploma#degree
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
 
Financial analysis on Risk and Return.ppt
Financial analysis on Risk and Return.pptFinancial analysis on Risk and Return.ppt
Financial analysis on Risk and Return.ppt
 
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
Uae-NO1 Kala Jadu specialist Expert in Pakistan kala ilam specialist Expert i...
 
NCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptxNCDC and NAFED presentation by Paras .pptx
NCDC and NAFED presentation by Paras .pptx
 
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
Uae-NO1 Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
 
Gender and caste discrimination in india
Gender and caste discrimination in indiaGender and caste discrimination in india
Gender and caste discrimination in india
 
Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024Market Morning Updates for 16th April 2024
Market Morning Updates for 16th April 2024
 
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
Amil Baba In Pakistan amil baba in Lahore amil baba in Islamabad amil baba in...
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsApp
 
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...
Uae-NO1 Pakistani Amil Baba Real Amil baba In Pakistan Najoomi Baba in Pakist...
 
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
 
Banking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptxBanking: Commercial and Central Banking.pptx
Banking: Commercial and Central Banking.pptx
 
Role of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptxRole of Information and technology in banking and finance .pptx
Role of Information and technology in banking and finance .pptx
 
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
NO1 Certified kala jadu karne wale ka contact number kala jadu karne wale bab...
 
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdfmagnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
magnetic-pensions-a-new-blueprint-for-the-dc-landscape.pdf
 
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
NO1 Certified Black Magic Specialist Expert In Bahawalpur, Sargodha, Sialkot,...
 

Outcome of High Court Committee Meetings

  • 1. OUTCOME OF HIGH COURT COMMITTEE MEETINGS
  • 2. AGENDA  Purpose of HCC meetings  HCC meeting on 21st Aug 2015  Court Hearing of Yathuri Associates  Court Hearing of Aastha Group  Conclusion
  • 3. PURPOSE OF HIGH COURT COMMITTEE (HCC) MEETINGS  Matters of National Spot Exchange Limited (NSEL) defaulters are ongoing at HCC meetings in regards to NSEL crisis  Plenty of legal proceedings & notices are conducted & issued almost every month  Main purpose is to resolve & recover defaulted amount from NSEL defaulters
  • 4. HCC MEETING ON 21ST AUG 2015  Held on 21st of Aug 2015  NSEL matters conducted before Justice Dalvi  Yathuri Associates was listed for hearing  NSEL defaulter Gagan Suri, Proprietor of Yathuri Associates present  Aastha Juggernaut was also listed for hearing on that day  Mohit Aggarwal, Managing Director of Aastha Group present  Lawyers of both parties were present at the meeting
  • 5. COURT HEARING OF YATHURI ASSOCIATES  Outstanding default amount of Rs. 399.60 cr in NSEL crisis  They submitted required bank statements in court  They also submitted IT Returns  Gagan Suri, Proprietor of Yathuri Associates was granted bail  He is required to remain present as & when required as per Hon'ble Court’s order
  • 6. COURT HEARING OF AASTHA GROUP  Outstanding default amount of Rs. 241.75 crores in NSEL crisis  Aastha Group submitted incomplete bank statements at HCC meeting  No possession of required docs of Juggernaut  Only one bank account details available  No disclosure of immovable & movable assets  Current Director of company was asked to whom warrant should be issued to  Reply given that there were no Directors as all had resigned  They also stated that Mohit Aggarwal, Promoter of Aastha Group was the only one left  The court then asked to file affidavit for the same
  • 7. CONCLUSION  Recovery process from NSEL defaulters going on for almost a year  Process is taking a significantly long amount of time  Trading clients who have lost their money on the platform, are still waiting for justice  There has been no substantial result as yet  Speedy recovery process is awaited to bring about relief to NSEL trading clients