Simbhaoli

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.

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.

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.

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.

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...

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

In a twist to the murder of an Uzbek belly dancer in Delhi, her friend who was being searched by the police, is also feared to have been killed.

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.

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 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...

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 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 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 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 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.

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.

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.

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.

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.

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...

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

In a twist to the murder of an Uzbek belly dancer in Delhi, her friend who was being searched by the police, is also feared to have been killed.

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.

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 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...

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 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 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 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 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.