NCS SUGARS LTD.

Prashant Boorugu
Narayanam Nageswara Rao
Managing Director
DIN: 29420
 
Address 405, Minar Apartments, Deccan Towers, Basheer Bagh, Hyderabad Andhra Pradesh 500001.
CIN U15421TG2002PLC039085
Mobile 9346399999
Landline 040-66665333
040-66666331/ 34/ 35
E-Mail nnr@ncsgroup.in
nnrncs@gmail.com
Fax  
Outstanding Default Amount 50.90 crore*
*All pay-in dues are as on August 31, 2016 exclusive of interest payable after taking into account any money received post closure of exchange trading on July 31, 2013.
 
Bank Details : Accounts FROZEN*
HDFC BANK - 1 Account
ICICI BANK - 1 Account
*As per gazette notification
Action by Agencies
ECONOMIC OFFENCES WING (EOW), MUMBAI
NARAYANAM NAGESWARA RAO :
  • Arrested on August 11, 2014 and released on September 11, 2014 on bail condition to pay Rs 50 Lacs per month totalling up to Rs 13 Cr till date
  • However, he paid only Rs 2.8 Cr which violated the bail condition
  • EOW has filed an application for cancellation of bail in the MPID Court
ENFORCEMENT DIRECTORATE (ED)
  • ED is in the process of filing chargesheet as this defaulter is not named in the initial chargesheet.
Breach of Settlement Agreement
As per the settlement agreement with NSEL to pay Rs 50 Cr, Narayanam Rao has paid only Rs 8 Cr and has breached the conditions of the settlement agreement.
Details of Court Proceedings and recovery
ARBITRATION: NSEL Vs NCS Sugars Pvt Ltd before
Justice A V Savant
STATUS : NSEL filed rejoinder to SOD on April 18, 2016
STATUS IN MPID COURT:
MA 268 of 2016
NCS industries Vs State of Maharashtra
STATUS: NSEL filed Intervention Application
STATUS IN HCC:
Arbitration proceedings still in progress
STOCK / ASSET SALE:
MPID Court has directed CA to conduct auction sale of properties offered by NCS Sugars Ltd.
ATTACHMENT OF BANK ACCOUNTS:
MPID Court on March 4, 2016 has made absolute the accounts attached by EOW and has directed CA to transfer the balance from the attached accounts to CA account. Transfer of the same is pending
UPDATE:
NCS Sugars Ltd entered into a settlement agreement with NSEL on January 21, 2014 but defaulted on the payments
 
Properties secured for attachment by EOW, Crime Branch, CID, Mumbai Police
 
DEFAULTER NCS Sugars Limited
OUTSTANDING Rs IN CRORE 50.90
PARENT/MAIN COMPANY IN GROUP NCS Industries
WHETHER FACTORY /PLANT OF PARENT /MAIN COMPANY IN GROUP ATTACHED NCS factory attached
NO. OF ASSETS ATTACHED IMMOVABLE 45
NO. OF ASSETS ATTACHED MOVABLE 2
TOTAL ASSETS ATTACHED 47
DMAT/SHARES /MUTUAL FUNDS OF DEFAULTER /PARENT COMPANY /DIRECTORS ATTACHED No
BANK ACCOUNTS OF DEFAULTER/ PARENT COMPANY/ DIRECTORS ATTACHED* Yes
OTHER MOVABLE ASSETS OF DEFAULTER /PARENT COMPANY /DIRECTORS ATTACHED** No attachment yet
*We are not aware whether all bank accounts have been attached
**We are not aware whether all movable assets have been attached

Property Type Location Details Area
Bungalow H. No. 8-2-120/86/9A Plot No. 10, Road No. 2, Banjara Hills, Hydrabad 34, Andhra Pradesh 270 Sq Yards
Office 405, Minar Apartments, Deccan Tower, Bashir Baug, Hyderabad, Bashir Baug, Hyderabad, Andhra Pradesh 1020 Sq Ft
Factory Ncs Sugar Factory, Lachhyapat Village, Bobbilli Mandal, Vizianagarm Dist., Andhra Pradesh 42-45 Accers
Residence Mr.Qazi Zainulabedin,   (Director) 5-1-576, Syed Jung Lane, Troop Bazar, Hyderabad, 500095, Andhra Pradesh, India
Residence Mr. Narayanam Murali,   (Director)  D. No. 68-6-15, Ashok Nagar, Kakinada, 533003, Andhra Pradesh  3500 Sq Ft
Residence Mr. Narayanam Srinivas,  (Whole-Time Director)  D. No. 25-5-22, Subramanyam Pet, Vizianagaram, 535002, Andhra Pradesh, India
Warehouse N.C.S Storage, Tank No -T 5 To T8, New Port Area , Beach Road, Kakinada -533007
Warehouse Ncs Industries, Wkpd Tank,  Tank No -T01 To T04, Tank No-11-12, Tank No-To1 To T02, N.C.S Industries Pvt Ltd,  Beach Road,  Wakala Pudi, Near Light
Office Ambika Infra Ventures Private Limited, Sco 3,Sector 115, Landran Road, Santemajra Kharar, Punjab-160071
Office Delara Tourism Corporation Limited 402,Minar Apts., Deccan Towers, Basheerbagh, Hyderabad. Hyderabad. Andhra Pradesh-500001
Office Konkan Storage Systems (Karwar) Private Limited H.No.5-9-59, 404, Minar Apartments, Deccan Towers, Basheerbagh Hyderabad Andhra Pradesh-500001
Office Konkan Storage Systems Private Limited Sea Bird Road, Baithkol, Karwar Karnataka-581302
Office Milano Spirits India Private Limited H.No. 3-115, Chinabrahmadevam(Village), Marripudi Post, Peddapuram Mandal, Chinabrahmadevam Andhra Pradesh-500033
Office The Coconada Chamber Of Commerce 26/9/16, Rama Rao Street,Gandhi Nagar, Vijayawada, Andhra Pradesh
Office Gayatri Sugars Limited B2, 2Nd Floor, 6-3-1090, Tsr Towers,, Rajbhavan Road, Somajiguda, Hyderabad Andhra Pradesh-500082
Office Nischal'S Smart Learning Solutions Private Limited H.No.1-10-177&177A, 5Th Floor, Varun Towers-1, Begumpet Hyderabad Andhra Pradesh-500016
Office Ammana Bio Pharma Limited Mouli Gram, Elkatur H/O Msvm Puram, Panchayath, Nindra Mandalam, Chittoor Andhra Pradesh-500029
Office Classic E Com Private Limited 3-6-100/1, West Marredpally, Secunderabad Andhra Pradesh-500026
Land 9.43 Acres At Sarika Village, Vizianagram (Patta No.168) 9.43 Acres
Land Agricultural Land 22.51 Acre
Flat Flat No 407, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad 1020 Sq Ft
Flat Flat No 408, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad 1020 Sq Ft
Flat Flat No 1102, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad (D. No. 59) 25 Sq Yards (Built Up 1020 Sq Ft)
Flat Flat No 1103, Minar Apartments, Decan Towers, Basheerbagh, Hyderabad (D. No. 59) 25 Sq Yards (Built Up 1020 Sq Ft)
House House At Plot No 9, Nandagirihills 1 (8-2), D No. 293/82/Ngg,  Jubilee Hills, Hyderabad 360 Sq Yds
Land Plot No 109 U/S No 208/2 At Sarika Village   
Land Land At Maradam, Ap 12.81 Acres
Land Land At Marrivalasa, Ap 19.10 Acres
House House At D. No. 31/11, Plot No 11, Yapral , Hyd 3000 Sq Ft
Land Land At Alluvada Village , Komarada Kandal, Ap 20.93 Acres
Flat Flat No- Ananda Enclave, Vizianagram, H No 19-6-5C, Opp 3 Temples , Annad Gajapati Road
Warehouse Godown At Addapusila Village, Parvathipuram Mandal, Vizianagram. Dt
Flat Flat On Plot No 59, Situated At Ramakrishna Towers, Krishna Gardens, Allipuram Ward, Visakhapatnam 1000 Sq Ft
Land Ncs Sugars Limited - Land At Daduluru Village, Anantapur Dist, Andhara Pradesh 85 Acres, 81 Cents
Land Ncs Sugars Limited - Land At Obulareddipalli Village, Anantapur Dist, Andhara Pradesh 25 Acres, 53 Cents
Land Ncs Sugars Limited - Land At Maguguvarigondi Village, Gandlapenta Mandal, Anantapur Dist, Andhara Pradesh 74 Acres, 99 Cents
Land Ncs Sugars Limited - Land At Thimmanyanipalem Village, Mudigubba Mandal, Anantapur Dist, Andhara Pradesh 42 Acres, 75Cents
Mall Ncs Theatre/Multiplex, H.No.5-1-10, Sy.No.163,149/A, Santhapeta, Vizianagaram. Andhara Pradesh
Land Ncs Estate - Land At Thammavaram Village, Thammavaram Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh
Land Narayanam Murali - Land At Thammavaram Village, Suryaraopet Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh
Land N Nageswara Rao - Land At Thammavaram Village, Suryaraopet Grama Panchayat, Kakinada Mandal, East Godavari Dist, Samalkota Sub Reistrar, Andhara Pradesh
Factory Ncs Sugars Limited - Factory Building Situated At R.S.No.286/1C, 287/1 To 4,6,8,10,11,248(P), Behind Light House Fisheries Road, Tammavaram, Kakinada , Andhara Pradesh 6.05 Ac
Factory Ncs Sugars Limited - Edible Oil Refinery Situated At R.S.No.287/3,6.8,10,11, 286/1C, Ici.248, Behind Light House, Fisheries Road, Tammavaram, Kakinada, Andhara Pradesh 
Land Ncs - Sy.No. 248 (Part) Of The Land Situated At Vakalpudl (V), Andhara Pradeshiic Iala Vakalapudl, Kakinada Rural Mandai, East Godavari District, Andhara Pradesh 4977.81 Sq.Mts Or Ac. 1.23 Cents 
Land N Murali - D No 34-1-30, Temple Street, Kakinada, Andhara Pradesh 357.82 Sq Yards 
Bank Account HDFC Bank - 210340005886  
Bank Account ICICI Bank - 18305003053  

Other Information PDF Format
NCS Sugars Application Form
NCS Sugars Correspondence
NCS SUGARS LIMITED