The wire writes
Turnover of firm went over from 50,000 to 80 crore as per RoC filing. How is that explained?
The firm got a 15.8 crore loan unsecured
The firm stopped business altogether saying it's net worth has eroded
Looks like Jay Amit Shah is not a good businessman after all.
Turnover of firm went over from 50,000 to 80 crore as per RoC filing. How is that explained?
The firm got a 15.8 crore loan unsecured
The firm stopped business altogether saying it's net worth has eroded
Looks like Jay Amit Shah is not a good businessman after all.
Jay Amit Shah's lawyer writes
It has been alleged that business owes its 'success' due to Amit Shah's political connection - Company band ho gayi, Yeh kaisa success hain?
It has been alleged that business owes its 'success' due to Amit Shah's political connection - Company band ho gayi, Yeh kaisa success hain?
Further it says loans have been repaid and were taken by pledging property.
Further Filing by Temple Enterprises Limited show that it took an unsecured borrowing of 15.78 crore
Amit Shah, father of Jay Shah contradicts the above filing saying it is an LoC secured with goods
If that scenario is to be trusted - it brings a question How does a bank approve loc of 15.78 crore for a firm which has just recently started a business and has no great track record in past few years sometimes turning a profit of few thousands and loss of few thousand a year before?
It would help to know details of LoC to understand its approval. Further Why did company report the borrowings in unsecured category if LoC was backed with collateral as per document published by The Wire.
Amit Shah, father of Jay Shah contradicts the above filing saying it is an LoC secured with goods
If that scenario is to be trusted - it brings a question How does a bank approve loc of 15.78 crore for a firm which has just recently started a business and has no great track record in past few years sometimes turning a profit of few thousands and loss of few thousand a year before?
It would help to know details of LoC to understand its approval. Further Why did company report the borrowings in unsecured category if LoC was backed with collateral as per document published by The Wire.
Source:
https://timesofindia.indiatimes.com/india/amit-shahs-son-slaps-rs-100-crore-defamation-suit-on-a-website/articleshow/60994676.cms
https://thewire.in/185512/amit-shah-narendra-modi-jay-shah-bjp/
https://thewire.in/185512/amit-shah-narendra-modi-jay-shah-bjp/
https://thewire.in/187271/amit-shah-denies-son-took-unsecured-loan-jay-shahs-filings-say-otherwise/
No comments:
Post a Comment