Regarding financial fraud took place in our private limited
Nandakishore polisetty
(Querist) 25 January 2018
This query is : Resolved
Dear sir,
We have started our company in 2011 and financed by sbh. Due to various reasons we couldn't pay emi to the bank and hence declared NPA. Later in May 2016 another person who has good profile from Canara bank has come forward to take over our company under mutually agreed terms and conditions written legally documents prepared by Advocate.
The commercial production of the company started from January 1,2017
We are 3 directors in the company and I hold 49% share, my partner hold 26% share and his wife holds 25% share. I'm also director and joint signatory of the account.
But by colluding with the bank our partner has disbursed the funds to non business related Accounts, bank also passed the cheques without my signature and later asking me to come and sign on the cheques.
Our partner has threatened us that he can harm us illegally and did man handling once to my father and sent men to home who behaved rude manner.
We went and spoke to the manager about illegal and unauthorized transactions and she said that we are following according to the resolution which is submitted by the company.
But I haven't signed on any Resolution or no Agm was conducted. Even after sending multiple letters to the bank there is no response from them.
Bank also removed my contact number from Bank database and am not getting any otp when transactions being made through net banking.
We are planning to file legal case and proceed through NCLT.
Kindly suggest what could be done and we are also thinking to approach cbi
Regards,
Nandakishore
Adv. Yogen Kakade
(Expert) 25 January 2018
It is advisable for you consult a local lawyer with the all the evidences and initiate the process.. all the best
