SWASTIK OVERSEAS CORPORATION

Rajesh Mehta
Rajesh Mehta
POA Holder
DIN: 507811
Rajiv Todi
Rajiv Todi
Partner
DIN: 3532665
Falguni Mehta
Falguni Mehta
Proprietor
DIN: no data
CIN No Not Available
Address 11, Swastik Chambers, Navjivan Press Road, Ahmedabad - 380014
Mobile 9016486427 (Rajesh Mehta), 9825000738 (Rajiv Todi)
E-Mail swastikoverseas99@gmail.com
rajivmtodi@gmail.com
   
Outstanding Default Amount 90.25 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 : FROZEN*
  • HDFC BANK - 3 Accounts
*As per gazette notification
 
Action by Agencies
ECONOMIC OFFENCES WING (EOW), MUMBAI
RAJESH MEHTA
  • Arrested on May 3, 2014 and released on July 9, 2014 bail condition to pay Rs 1.5 Cr per month
  • However, he violated the bail condition by not paying anything till date
  • Following EOW’s application for cancellation of his bail on September 1, 2016, the MPID Court has remanded him to judicial custody
RAJIV TODI
  • Arrested on October 9, 2015 & released on bail on December 7, 2015
ENFORCEMENT DIRECTORATE (ED)
  • ED has invoked provisions of PMLA and filed a case No. PMLA No. 4/2015. PMLA Court is hearing the matter
  • As per the money trail in ED chargesheet Swastik Overseas has diverted funds to Manan Agro Pvt Ltd etc. The funds have been used for purchase of raw materials, agriculture cultivation at Modasa, providing loans & advances to various parties etc.
Breach of Settlement Agreement
As per the settlement agreement with NSEL to pay Rs 87 Cr, Rajesh Mehta has paid only Rs 12.70 Cr** and has breached the conditions of the settlement agreement
** approx
Details of Court Proceedings and Recovery
Third Party Notice No. 8 of 2014 filed on April 23, 2014
NSEL (Petitioner) &
1) Swastik Overseas Corporation
2) Issan Overseas Ltd
3) Rajesh Mehta & Co
4) Manan Agro Pvt Ltd (Resp.)
STATUS: Notice Of Motion made absolute in terms of prayer clause. Decree on admission passed for an amount of Rs 91.19 Cr
EXAL/867/2015 - Filed on April 15, 2015 NSEL (Pet.) and Swastik Overseas Corporation (Resp.)
STATUS: Execution Application for hearing
STATUS IN MPID COURT:
Bail of Rajesh Mehta has been cancelled by MPID Court on September 1, 2016. He surrendered before the MPID Court and has been sent to judicial custody
MA 208 of 2016 (MPID court)
NSEL Vs State of Maharashtra and Swastik overseas
STATUS: Pending hearing
STATUS IN HCC COURT:
HCC has recommended to Hon. Bombay High Court to dispose off the properties offered by Swastik Overseas
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
STOCK / ASSET SALE:
MPID Court has directed Competent Authority to conduct auction sale of properties located at Ahmedabad. CA has issued auction notice for the same. The bids received by the CA are pending to be submitted to the MPID Court
UPDATE:
Swastik entered into a settlement agreement with NSEL on January 24, 2014 but defaulted on the payments
 
Properties secured for attachment by EOW, Crime Branch, CID, Mumbai Police
 
DEFAULTER Swastik Overseas Corporation
OUTSTANDING Rs IN CRORE 90.25
PARENT/MAIN COMPANY IN GROUP Manan Agro Pvt. Ltd.
WHETHER FACTORY /PLANT OF PARENT /MAIN COMPANY IN GROUP ATTACHED No factory. Modasa land attached
NO. OF ASSETS ATTACHED IMMOVABLE 44
NO. OF ASSETS ATTACHED MOVABLE 3
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
Office Office 11,Swastik Chambers,Near C.U.Shah Collage,Navjivan Press Rd,Incometax,Ahmedabad-380014,Gujrat 704 Sq Ft
Residence Residential  Rajesh Kumar Mehta,A/101,Aanal Tower,Opp Honest Restaurant,Commerece Six Road,Ahmedabad
Land Agri Land Mr Todi-Village Shivraj,Pura Kampa,Post-Vaniyad,Tehsil-Modasa,Dist-Aravali,Gujrat
Flat C 21,Akash Tower,Near Judge Bunglow Rd,Bodakadev,Near Iim Ahmedabad. (Survey No 337/1+2+3 ,T P S No 1B, Final Plot  221) 345 Sq Yards
Residence Residential Swastik Overseas,Deesa,C/O. Shah Seventilal,Manilal,Khetaji Mafaji Mali Mudliyar Cold,Rto Cross Rd,New Deesa Bnaskatha,Gujrat
Other Other Assets Swastik Overseas Corp,Swastik Chamber 2,Ashram Rd,Near Cu,Shah College,Ahmedabad Gj380014
Bungalow Other Assets Manan Shilaj Pvt Ltd Bunglow
Shop 12, Ff (Upper Level), Swastik Chambers, Near Navjivan Press Road,Off Ashram Road, Ahmedabad 500 Sq Ft
Shop 15, Ff (Upper Level), Swastik Chambers, Near Navjivan Press Road,Off Ashram Road, Ahmedabad 500 Sq Ft
Residential Flat Flat No 4, 1St Floor , Suvidha Flats, Near Vasna Bus Stop, Ahmedabad (Tps 22 , Fp 343, , Survey No 422,424,430) 215 Sq Yards
Residential Flat Flat No 3, 1St Floor , Suvidha Flats, Near Vasna Bus Stop, Ahmedabad (Tps 22 , Fp 343, , Survey No 422,424,430) 115 Sq Yards
Residential Flat Flat No A/2, Ground Floor, Aagman Co-Op Housing Society, Bodakdev, Near Judges Bunglow, Ahemdabad (S No 283/1. Tp No 1/B, Plot No 163/B) 190 Sq Yards
Commercial Office 203,204, Ff, Rajkamal Plaza, Near Sattar Taluka Soc, Shah  College, Ashram Road, Ahemdabad 610 Sq Yards
Land Village Gokchuvan, Taluka Meghraj, Dist. Arvali, Gujarat 24.5 Hectors
Land Village Sangal, Taluka Meghraj, Dist. Arvali, Gujarat
Land Village Viniyawada, Taluka Meghraj, Dist. Arvali, Gujarat
Bungalow Bungalow No. 31, Pariksha, Village Pisoli, Tal Haveli, Pune, Registered No. Haveli 2/6543/2002
House House No. 25, Saumitra Co-Op, Hsg Society, Jodhpur, Ahmedabad
Flat 2001, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093
Industrial Rajena Agro Products Pvt Ltd - Industrial Property On Land Bearing Revenue Survey No.1233 Of Khata No.648 Nr. Ashram, Nr. Sujanpura Village, On Sujanpura To Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 22359 Sq Mtrs
Industrial Rajena Agro Products Pvt Ltd - Industrial Property On Land Bearing Revenue Survey No.1235/Paiki Of Khata No.648 Nr. Ashram, Nr. Sujanpura Village, On Sujanpura To Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 29253 Sq Mtrs
Bungalow Rajena Agro Products Pvt Ltd - Mr. Abdhulbhai Dawoodbhai Patel -  Bungalow No. 27, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 67.93 Sq Mt
Bungalow Rajena Agro Products Pvt Ltd - Mr. Abdhulbhai Dawoodbhai Patel -  Bungalow No. 28, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151 813 Sq Mt
Bungalow Rajena Agro Products Pvt Ltd - Mr. Sadik Abdulrahim Patel -  Bungalow No. 29, Momin Vas, Post Sedrana Village Road, Mouje Sedrana, Taluka Siddhapur, District Patan, Gujarat 384151
Flat Sunil Didwania (Raghukul Enterprises) - Flat No. 804, 8Th Floor A-Wing ,Gardenia , Vasant Valley, Raghukul Co-Op. Hsg. Ltd. Film City Road, Malad (East), Mumbai  1060 Sq.Ft
Land/Building/Factory Sunil Didwania (Raghukul Enterprises) - Samruddhi Paper And Pulp Conversion Private Limited - Block No. 472.  Adm. 1H.17R. Situated At Gondedumala, Off Mumbai Agra Highway, Tal. Igatpuri, Dist. Nashik., Maharashtra 1H.17R
Flat Shilpa Jalan -  2002, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093
Flat Shilpa Jalan -  2003, Raheja Classic Building No. 4, Cts 619, Andheri (W), Mumbai 400093
Shop Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 1  Ground Floor & Shop No. 1  First  Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) 480 Sq Ft Each
Office Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 2  Ground Floor & Shop No. 2 First  Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) 480 Sq Ft Each
Shop Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 3  Ground Floor & Shop No. 3 First  Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) 480 Sq Ft Each
Office Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 4  Ground Floor & Shop No. 4 First  Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) 480 Sq Ft Each
Office Rajena Agro Products Pvt Ltd (Abdulrahim Haji Dawoodbhai Muman Patel) - Shop No. 5  Ground Floor & Shop No. 5 First  Floor , Patel Estate, Near Court And Railway Station, Sidhpur, District Patan, Gujarat 384151 (Surney No. 95 Part) 480 Sq Ft Each
Flat Rajena Agro Products Pvt Ltd - Abdulrahim Dawood Patel - A/1205, A.K.Tower Chs Ltd. Madina Manzil Compund, S.V.Road, Goregaon (W), Mumbai, 400062, Maharashtra
Flat Rajena Agro Products Pvt Ltd - Hifzur Rehmanabdul Patel - A/1, Ii Nd Floor, Farhan Mehal, S.V.Road, Goregaon, Mumbai, 400062, Maharashtra
Flat Sunil Didwania (Raghukul Enterprises) - Flat No. 103, Raghav, Vasant Valley, Raghukul Co-Op. Hsg. Ltd. Film City Road, Malad (East), Mumbai 
Land Village Vaniyawada, Taluka Meghraj, Dist. Arvali, Gujarat 7.9 Hectors
Land Village Navagam, Taluka Dolera, Dist. Ahmedabad, Gujarat
Land Village Zanki, Taluka Dhanduka, Dist. Ahmedabad, Gujarat
Land Village Bhandgad, Taluka Dhanduka, Dist. Ahmedabad, Gujarat
Land Village Adalgaj, Taluka Dhanduka, Dist. Gandhinagar
Flat Rajena Agro Products Pvt Ltd - A/1202, A.K.Tower Chs Ltd. Madina Manzil Compund, S.V.Road, Goregaon (W), Mumbai, 400062, Maharashtra
Flat Sunil Didwania - 1102, Ivy Tower, Vasant Valley Complex, Film City Road, Malad €, Mumbai 400097
Flat Sunil Didwania - 1103, Ivy Tower, Vasant Valley Complex, Film City Road, Malad €, Mumbai 400097
Bank Account HDFC Bank - 60340023931  
Bank Account HDFC Bank - 60340004859  
Bank Account HDFC Bank - 990680023229  

Other Information PDF Format
Swastik Application form
Swastik Correspondence
Swastik Minutes of meeting-24 Dec 2013
SwastikMinutes of meeting-28 Aug 2013
SWASTIK OVERSEAS CORPORATION