FIRST INFORMADQN REPORT

(Under Section 154 Cr.P.C.)

1. District: Delhi
PS: EO-II Delhi
Year: 2023
FIR No: RC2202023E0015 Date: 15/05/2023
2. Acts & Sections:

Acts
IPC Sections
120-B R/WSection
IPC
IPC 420

IPC 468
471
PC Act-1988
13(2) r/w 13(l){d)
PC Act-1988 (As amended in 2018)
7 {C)
3, Suspected offences:
Bank Fraud
(a) Occurrence of offence:
Day:
From Date: Time Period:
(b) Information Received at PS: 2017 To Date: 2019
CBI, EO- II, New Delhi
Date:
(c) General Diary Reference: 09/03/2023

Entry No.:
03
Date:
15/05/2023 Time: 11:38:36
4. Type of Information: Written

s. Place of Occurrence:
(a) Direction &distance from PS: Delhi, Bhopal & Raisen (MP)

Beat No.:
(b) Address:
Plot No.:
City: Area:
Pin:
State:
District:
(c) In case, outside the limit of this Police Station, then
Name of PS:
District:
6. Complainant/ Informant:
Complainant 1
(a) Name:
Mr. Rajesh Kumar Gupta
(b) Father's/Husband's Name:
Badrinaryan Gupta
(c) Date/Year of Birth:
(d) Nationality:
INDIAN
(e) Passport:

Passport No.
Date Of Issue
(f) Occupation: Place Of Issue
Chief Manager
(g) Address:

Plot No
Area City State
Zonal Sastra Centre, Punjab National Bank, District Pin
Zonal Office, 1st Floor, PNB House, Madhya
Arera Hills Bhopal 462011
Pradesh

7. Details of known/suspected/unknown accused with full particulars:

1 of 13
 Accused 1
Name:
M/s Narmada Cereal Pvt. Ltd.(!)
Address:

Shop No. 14, Pocket -A Market, Sarita Vihar, NCT Of Delhi, 110076
Plot No. D, 2-3, Industrial Area, Phase- II, Mandideep District Raisen, Madhya Pradesh, 462044

Accused 2

Name: Mr.Arun Kumar Mittal(2), Father/Husband name: Ved Prakash Mittal

Address:

House No 12, Eastern Avenue, Maharani Bagh, NCT Of Delhi, 110065

House No. B-63, Paraspar Colony, Chuna Bhatti, Bhopal, Bhopal, Madhya Pradesh, 462016
Accused 3
Name:
Mr.Abhinav Mittal(3), Father/Husband name: Arun Mittal
Address:

House No. 12, Eastern Avenue, Maharani Bagh, NCT Of Delhi, 110065
Accused 4
Name:
Mr.Ashish Mittal(4), Father/Husband name: Krishna Kumar Mittal
Address:

House No. 12, Eastern Avenue, Maharani Bagh, New Delhi, South East Delhi, NCT Of Delhi, 110065
F-572, Sarita Vihar, New Delhi, South East Delhi, NCT Of Delhi, 110076
H-102, Pankaj Charmers, Main Market, Sarita Vihar, New Delhi, South East Delhi, NCT Of Delhi, 110076
Accused 5
Name:
Unknown Public Servant(s) & Private Person(s)
Address:

8, Reasons for delay in reporting by the complainant/informant:

9. Particulars of properties stolen:

Item Name
Age of Property
Loan armunt 36.00 Estimated Value (in INR)
619500000.00

10. Total value of property stolen:

619500000. 0000
11. Inquest Report/U.D. Case No., if any:

12. First information contents:

A written COrll)laint dated 20.02.2023 of Shri Rajesh Kumar Gupta, Chief Manager, Punjab National Bank, Zonal Sastra Centre,
Bhopal, MP has been received at CBI and the copy thereof is enclosed herewith.

The allegation mentioned In the complaint disclose the corrmsslon of cognizable offences. Hence a regular case is registered
against M/s Narmada Cereal Private United (A-1), Shri Arun Kumar Mittal (A-2), Shri Abhinav Mittal (A-3), Shri Ashish Mittal
(A-4)of&PC
7(c) unknown
Act (aspublic servants
amended and private persons U/s 120-B, 420, 468, 471 IPC & 13(2) r/w 13(1)(d) of PC Act and U/s
in 2018).

13. Action taken: Since the above information reveals commission of offence(s) u/s as mentioned at Item No.2:
{1) Registered the case and took up the investigation: Yes
OR
{2) Directed
Name of IO:
MANOJ KUMAR
Rank:
INSPECTOR (EO-II Delhi)
No:
128040
to take the investigation
OR
(3) Refused investigation due to:
OR
(4) Transfered To PS:
District:
on point of jurisdiction.

Attached documents:

2 of 13
 Document name
Complaint

/ informant, free of cost.

R.0.A.C. )I~
1
Ji
FIR read over to the complainant/informant, admitted to be correctly recorded and a copy given to the complainant

~
__J ,

14. Signature/Thumb Impression of Signatu7 of Officer

the complainant/informant in-charge Police Station

Name: Nipun Gupta

Rank: SUPDT. OF POLICE (EO- II Delhi)
15. Date and time of dispatch to the Court:
NIPUN GUPTA
S.P/CBI/EO-II, N.D.

3 of 13
 1
. Zonal SASTRA Centre, Zonal Office, 1• Floor, PNB Building, Arera Hills, Bhopal (MP}- 462 011
Phone: 0755- 4017045, Email: zs8338@pnb.co.in
Ref: ZSB/ 8338/NCPL.:F raud/ FIR-CBI /2022-23

To, Date: 20.02.2023 ·

The Head of Zone
BS&F ZONE, CBI
5-B,.10th Floor, "A'' Wing.
CGO Complex, Lodhi Road· ·
New Delhi-110003

. Reg::-Request for Lodgment of First lnfotm~ti6n R~port agah1st Promoter & · · ·

· i:>irf>cfol'S Shri Arull kUitiar MittOf S!o Shri V~d Prakash Mittal & Shri Abhinav ·
illlittal Sto Shrl Arlin Komar Mittal in account M/sa Narmada Cerea1 Private
Limited (CIN: U20296DL2007PTC161251) havirtg_ its Registered Office at
. shop No. 14" A•Sloik; i:>DAl'llarket, Sarita VlhOr, NlcW DliLH) 11o'Oi6 arid
Factory .at Plot No. D;. 2-3, Industrial Area; · Phase-II; Maridideep. · Oit>ttict • ··
RAISEI\I, (M.P.) 462 044' and other_,unkriown gp!iJic s~ants for the offences
of fraud to the tune of Rs.61.95 Crore plus interest and other charges as
applicable from date of NPA i.e. 30.04.201Q,

'• ·. ·-.. :.-

I, Rajesh Kuniar Gupta. S/o Shri Badrinaryan Gupta cio Punjab National Bank, .
Zonal SASTRACehtre, Punjab National Bank, Zonal Office, 151 Floor, PNB House,
Arera Hills, Bhopal (MP).: 462011, presemtly working and posted as Chief Manager
at Zonal $ASTRA Centre: Bh6pat; and supervisory official for the above accolint:
Of Elian'ch. OffiCeS. of Puh1'11> Naiie/i~I 13aok; ~t lhd/r8 Press' bbrn):iie,., Bifo1M ·..•
' •. ·. · . /tils\inci;~;\ NJinlier, dti 71 6f i<it~ili~d•ii{PtJg~fr BhaWin\; lndirJ i"ress: cc,,;;p1~li; .
Zone~!;. Mahatana Pratap Nagar,. Bhopa't :(Mp)/ 462011 & Bran~h New Market; .•.
·. . Elhopal(OiStiilciivEl t-i umber'. 12?61 OJ ~ituated ~t Ne~i POst Office,· NeW Mifrket,,
Bhopal (MPJ- 462022 ha.ve been ·d.ulV,9\~(jri~e<!_ et me 88nk tO. IOd!Je this
. complaint info FIR regarding the fraud,· committecfin the accoi.Jlit of Mis Nahfrada ~
. ·. Cer~al
. . . Private. Umite'd. ~rid. Submit as' Under\:',:·
. . ' . . .
·.. , ·, .. .
,.S · · 1. · That the cotnplilinani Barik, Punjab Natioiial · B~nk, is a
,,1 nation'11ized . Biink ·
,,.,.:f' %: toristituted under the· Banking COriwiliiieS (Acquisitio.n
~~ .and transte, Of
*"-- 8_
~'
8
·rJ/_* ' '' . .
undertaking) Act, 1970, having its Corporate Office at Plot No.· 4, Sector 1 O;
r'l"'~ .
\~ 15'_,,~ l'll,\CC~\t:,\,
. t?-1"3)'.

fflilc ""'""'1, - 1m>IT-4. ""''Ho. "'™· 'I;/ ~-110075 • ,:<an!, 011.2ao75000. 2ao,sooo • ~, www.p,i;;;m,.;,
Corporate Office : Plot No.- 4, Sector-10, Dwarka, New Delhi-.110075 • Telephone: 011-28075000, 28045000 • -Website: www.pnbincJia)n

· irortir ~~ tcJ;- <tt • 24 ·~~WIT if 3Jl1!qjJ ~ t Punjab Natlohal Bank welcomes you to toll free 24 hours call center :1800 1802222/1800103 iz22
.•.,·.. . .. , ... · .... Pag¢1ofW .·· ...·:·:-·,· ... ,." .. ·.... ··
 Zonal SASTRA Centre, ZonarOffice, 1•1 Floor, PNB Building, Arera Hills, Bhopal (MP)- 462 011
Phone: 0755- 4017045, Email: zs8338@pnb.co.in
. Dwarka, New Delhi-110075, and carrying on the business of banking and.
having branches throughout India including one of its branch at !r!,gira ere~s........._
Complex (IPC), Zone-I, Maharana Pratap Nagar, Bhopal (MP)- 462011. The
cred1T7aciliti'es(-~~d-CashCre~F!le21fie~~~ti9..Ql t~. bo~wer
company were sanctioned through Indira Press Complex (/PC), M.P. Naqar,
Zone-I, Bhopal, (M.P.) branch of erstwhile Oriental Bank of Commerce now·
-- -----,.-~._ +i .. _, -»-

PNB. Government of India through its Gazette ·notification no. 133 dated.
04.03.2020, has approved the scheme : of amalgamation, thereby· .
. . . amalgamating Ori~ntal Bank. of Cbhlmerce and. United Bank of India . ihto
Punjab Natio~al Bank With'.effect from 1st·day oiAprff, 2020, under se2ti6n 9
. of the Banking Companies (Acquisition and Transfer of Undertakings) Acf,
1970.. The complainant Bank has succeeded; inter alia, to all .the assets· and.
. liabilities of erstwhile Oriental Bank of Commer6e. Hence the complainant
Bank is competent· to lodge the present co'tnplaint. The undersigned ·thus·
submits as under:

2. The Narmada Cereal· Private Limited (NCPL),' incorpcrated on 2~.032007; ·

having its registered office at' Shop No: 14, Pocket-A Market; Sarita Viha'r, Ne'w ..
. ----..._______
Delhi - · 110076 and Factory at Plot No. D, 2=3~~-lnousfria1Area,·-p'fffise':'lf~ ·
. . ~.. '. '

•·---'---:--....._"'""'-_,.._,, . .. ' . . . .
·, " .· ·,~,--~------
.
Mfill9.L<i~t~p,,J;)Jstrrcf"'~ISEN'"''(lv1~P~)~4-6"2 044_is a private limiteci company ·.
....
....., "' ,.. . - ' . _,,.. ,·, . - ' ..,,. . .
.

. . . '. ' .· . --..,..~'""""'"'- ""- -,--~-,.~.. ..,,4,......,.,,,..,9 . ' . . ' . . .. . . .. . •,. . .. . . ' . .
incorporated. under the- provisions of. The Companies, Act, 1956, , on .
. 28.03;200?;: . and , . ;egistered : with· ROC, .. · Delhi: · viae · · CIN, ·. no.
'·. · u20296DL.20'07Ptc'1s125t. NCPL rsC frt bi.J§ine355.:·6f Food: Pro.cesirng .• u~it ...

iR i --;~

~ ~ : tBfc ~-4, ~-10, !lW<ITT, ~ ~-110075 • ~Wf: 011-28075000, 28045000 • ~: www.pnb~~ia.in '
Corporate Office: Plot No.-4, Sector-10, Dwarka, New Defhi-110075. • Telephone: 011-28075000, 28045000 • Website: www.pnbindia .ln

q'iif1il ~~mt • 24 ~ ~ WIT ~ 31fC!lliT wrm t Punjab NatirinaiBank weJ.ccimes you to toll free 24 hours call center :1800 180 2222/1800 103~t22· ·.. : .• ·

. ,. ·.:;.,·~.·, . ;; ;;". L.,,JL . ., '';,:;'.aJ~ts£~2:;•J.C; : .~, .•:WL2s,.S:_. ·; l,,<,,e>,. .:"."·..,,. .....~.;, ""'"'"'-.
 Zonal SASTRA Centre, Zonal Office, 1st Floor, PNB Building, Arera Hills, Bhopal {MP)- 462 OH
Phone: 0755- 4017045, Email: zs8338@pnb.co.in
Shri Abhinav Mittal Son of Shri Arun Mittal, Director of M/s.,Narmada Cereals .
Private Limited, resident of. House No. 12, Eastern Avenue, Maharani Bagh,
· NEW DELHI 110065, PAN NO. BDJPM2825E, DIN No. 03405359 (Period of.
Directorship: from 02.04.2013 to Till Date- Now suspended)

Guarantor Shri Ashish Mittal Son of Shri Krishna Kum,ar Mittal, resident of
House No. 12, Eastern Avenue, Maharani Bagh; NEW DELHI 1100'65; PAN•· ·
NO. ABBPIVl1191N

3. M/s. Natniad~ Cereals Pvt. Ltd. had in.ltially 'availed 'a Terni Loan' of RS: 3.50 ..
crore: Letter· of Credit (Import) /fnland Sub-Limit of Rs.1.25 crors Within the
Term Loan of Rs.3.50 crors and Cash Credit (Hypothecation) Limit of Rs.5.'06: ·.
crore (i.e. aggregating credit facilities· to the extent of Rs.8.50 crore) from .
erstwhile Oriental Bank of Commerce (now amalgamated into "Punjab Natibrral ·
Bank") in the month of August, 2007 for operating rice shelling unnarid trl:tdirig
of basmaf rice, Whereby S/Shri Arun Mitta], Anil Gupta, Surendra Gupta,··
Krishna Mittal, Praveen Mittal and Ajay Gupta: stood as guarantors, and.• M/s. ·
· · N.B: Agrot~ch thrc,Ligh; its partners 0)(~Cllted the- gU'arantee agreemJ'nt in .
favour of the erstwhil~ Oriental Bank of Commerce (hereinafter also referred to ·.
as ''e-OBC'!·or "the Bank").which renewed and enhanced from tirne to time. was
at their reouest,
l~~t d(suhh r~hewa/ beirfg '11(1'0/2017 the ·sank in Whereby
enh~ht:~d th~·· Cash, Credif' (Hypothecatio:h) Limit frhm R'i42.6d trdr~ to
R~.52:00 crore; reiiiwe.c:J/r~duced-Pre-shiprtierit Credit limiffrbm :crorci . Rs:'a:oo
· · tO'. Rs.iao .-'~fore; PosL's'nipMe.11f ,l~i(-. Fcirelgn Dbtfon~nt~ry Bill:· .bie'aff! .
Pu rc\iase (FD tfP)' Of Rs,3. so crate (ii Ob lifllilbfpie-S hiPmel)f credit' of Rii.3: 80 .
. . crore); reduced ih~ ft)tv,.,~;d Cil/iiracl Liiliit (/Omjis:1160 6,<lre to' R~.3:Sq
. . crore and· revieWed the
COrpbrate Lo~ri>witlt the then. existlrig' limit of Ri:a.; 16 ·
. ·. cror~. The: said. cr~dit)~tdiUe~ W~r~ $~du~eiby prirtiary secu;ifyfrl the ~h;ape
·of: stock: ~~d-._'book''. ci~bt$.~lb11g./~~h'.: coH~ter~i' ·setur/ty 6t·•·2c prbp~ifie~~···
· (a)' Factory iand a·nd buil~ing, industrlal leasehold: property at Plot no. D-2· a'nd
. 3; Industrial area> phase - II; M'aridideep 462046; Diitt - Raisen, Madhya
·. Ptt:ide;fr·fn .the rfam~·:of Mis•Niirirfaaa·c~r~M Pvt.. ltd ~ncf'(6)''r=ictory ·1arlci'and'.
·. . .·•.: .· ••. ·.. · ·· ·. · .. • •.: · '.. ·. ·.· . ,·.::•:. ·•·: ,, · :·• ·.·.··· '·• ;:; , :· ',·.• .. · ·

building,
.,
indG~triat IEiaseho!d
,, ' • .• . •, • •' '. • ·• '- • . •. • • -,. • •
property at prof nq.
•• I • '. •: ' ' ' •' ' •. •,. '•- •' •
39; B Block;
•., ' . • , '··' ', • ·• • • '
Phase-2; N_oidai, .
• : • • •.' • • • • • ' . . . • ;

·-·:·. "-•-

~ ~: ~ ~-4. ~-10, Mxclil', ..,.-~ ~-110075 • ~ • 011-28075000, 28045000 • ~: www.pno;dia.in

Corporate Office: Plot No.- 4, Sector-10, Dwarka, New Delhi-110075· • Telephone: 011-28075000, 28045000 • Website: www.pnbinc;a,.in

~ ;'\w;ra ~ -ml • 24 tit~~ if 3lflflliT ffilro t Punjab National Bank·welcomes you to loll free 24 hours call center :1800 1802222/18001032~22
· · ' · , · • . · · · . . · P~ge 3' of-10 · . • . . ' · · · , ·. · · •
, ! , .. ;>: .;.'", -~/, , '. .· -i~'.~~;. d,;Jl,i.1.LL. ;,. :,.LJ.;'.;;,.:i~:~.-.L.:,.s¢.~ Li:.'..2.i;c ; >•L~:~c...2.J_j :::i · · '·
 1
Zonal SASTRA Centre, Zonal Office, 1• Floor, PNBBuilding, Arera Hills, Bhopal (MP)- 462 011
Phone: 0755- 4017045, Email: zs8338@pnb.co.ln
Distt Gautam Budh Nagar, UP, 201305 in the name of Mr. Ashish • Mittal ·
(Guarantor);.

4. That, the charge in relation to the aforesaid credit facilities availed by NCPU
Company from time to time including the credit facilities aggregating to.
Rs.65.99 crore is registered with the Registrar of Company, Delhi. The ROG
Search Report to this effect dated 16.01 :2020 is available on MCA Further, ·
the Registered Address of the company at Shop No. 14, A-Block, DDA Market..
Sarita Vihar; New D~lhi is left by: th~ borrower company and same is nof
updated iii MCA ·

· 5. The financial as~isfant ~xtencied to· the boirOWer from titne to time on the
assurances & relying onths commitments of ptorhoter/ directors· are as Linder: ·

· +3:80 crs
+3.80 Cts .
Contract .
2 Cash Credit (WHR) .
1276008700010183 20.02.2016 20.00
3, Cash Credit . 1.93
:..4•:':c
:-12!6Qq3.700010,1e2 .• 11.10.2017 s.oo,
: Ter'(11:L~.:11i .·•. ·
· T(?~af . ·••.·

· EL . ·. Ttfat th~ ~bove.,

Primary: . lo~ll Was
. . . s~Cured · · :~-~~urityl;~s:.·
. . by· the'fbll6w;~d
. . ... ·.
•.·

Partitulars of Security ·
T.
· Nanurof Owner/; ·
. Wheth" , Date of
· ·• va,tiatfon.:· . ·
. ' -.-.-~
fD
>
.··.···A

.
·.·";
.d
N
: ".:~;?f>
.:,
..

. :. :. :::. ': ,··.. '·~ ....

Hypothecation charge on the ·p
M
_Jst' Nt.d~~n:iad_a C~real
· · compahy's entire stocks·•· · ,V. 1". :- ,'· · . \ : _
'Add:2 Shoj:f No.14 :
t: . · /•
~-.~ ·~·•.·.

~'~~
~ ~/u'.
. .a•: ~•i-k.
' .. .Ji_/ .,
··•·~
~> "'ISrn,,c~•·•;,.\ .. · .
ccitnpJisirlg rav{m~teri~l;' .··. • ···•··
:·stocks
Cods; in process, finished,
cOnsi:imal:lies\ 'ack'in:·.
. •.·sP.ao.·rp:;kt.a..~.·tvit:-,:h.·.M 1
,rk.·f"'.,.th.;:_.~·.·..: ,
a··:r~;·. o
1
..

' i',- ,,, •.

• ~TT!f : 011-28075000, 28045000 • ~ : www.pnh;,-1dia.in

Corporate Office: Plot No.- 4, Sector-10, Dwarka, New Delhi-110075 •· Telephone: 011-28075000, 28045000 • Website: www.pnbinliiar.in

. tj;;rrq_& ~ ~ ~ 24 tit~ mir Tl wm «ll'Rf iPun/ab Nafloriall3ankwelcomes you to toll free24 hours call center :18001802222/18001032:;;i!22 .. •
.,;,.;21£:Ji:~'"JL~L:; t..~;;Li{£0jif21!0\t~&tL:Js2~22ill~L&,S: · .
 materials, stores and spares at
110076
the company's factory ~
premises at D-2 & 0-3 PAN:- AACCN5596P (NBHC),
Mandideep _(Distt. Raisen) Collateral
Hypothecation of entire fixed Manager:
assets of the company Mis Narmada Cereal 9.69 Cr. 04.10.2020
Pvt Ltd Yes Yes
including plant & machinery As per ABS
Add :- Shop No. 14, . 31.03.2019
Pocket A Market,
Sarita Vihar, Delhi-
110076
.. PAN:- AACCN5596P
Total
11.59 crore
· ·•··Collateral:.
'(Rs; In' .
Particulars of Security ~. ' .. Crsi .··
Name of Owner/ Value of Security
Mortgagor Addres Whet Wheth
Date of Valuation her er
DOB/PAN·
VaHd Enforc
Factory land & building industrial ? .• . eabfe?
lease hcild property at Plot No. 39, Name; Ashish Mittal MV: 7.82 er
Add:- f-fc-102; Pankaj. Yes Yes
B Bock, Phase-z, Noida, Distt RV: 6.64 er. _ (Sold
. Gautam Buddha Nagat, UP- Chambers; M~in: - As per VR of R K
Market, Sarita. Vihar, under
201305, Admeasuring 1950 Sq. Associates dated.
· Mts:, standing ifrthe·ri~n-te·1(Mr.-. New Delhi-110076 26.02.2021 SARFA
& . • . .. . . . ES! Act
'Ashish' MitfaL Elouhded'bY East: ..
Plot No. B:..38, West: Plot no; B- F..:572, Sarita Vihar, M\i:'a.2s er fof Rs:
·49, North: 30: New Delhi'-110076 RV: 7.00 er
7.63
Crs on
As per VR Of Rajat 12.04.2
Verri1adated
. 022) .·
EM of Factory land & building, : . 22:03.2021
'. ~ '. ''•. . ihdostdal IE,iase_ hokfprdperty·ar. _· ._ Yes Y~_!; ,
.-: .. ' •·Estate,
-0it~t~~-~i;c1~~i~~\t:f;1,'.: .!:•:•~ •·•·
Pha'se~2;' Mandideep,• Dist:
(Liquid,.
atofis_:
putting·
' Raisen,, -~dmeasuring: s;4a;91 ff so s·ssets·
· Sq: t=l standing· in the name· of.• · df.the
· Mts Narmada: Cere~fa FM Ltd, • ·, .
Plot No: 0~3 and plantation West: . '..., borrow.
, Plot no: d-1 arid forest: fand; : . . .
\ .
...... eron ·
'·
-·Nortli::·e1ot N'6'..;b::3·aI1ci toresr -· s;iale -•·•- ·
udd~r •
land; South~platitafcin arid road. _ lBC).--
·_ Plot Noi D-3; Bound~ci' by: East: ·
~
-.· ct,.-~, ~ .. :
~
11
\~ ,;J\TKJ,.,,, -~ ·. ·
Plot no. D-2. and Plantation west: .
Piot No: b~2 and fore§t land,
0

.*; ' 38· ~~

-*
~\ .. , .' . ',J. . '
NOrth: Pl9t,'N9, b.~1 ahd:f,qre·st
land; South:PlahtatiqharldRd'ad: . -~ .
,~~
. 19"l-"s'-'lr~,r,.o'
f;l?~'\ ·_. ,. . ____,,. .,. . .'--~~~-=----"----~~-----------------------~--
I;

Co,porafe Offii,, , Plot No.- 4, S.cioc-10, Dwarka, N- Delhf-110070

~ : 011-28075000. 28045000
, Teleph= , 011-28075000, 28045000 •· Web,11,. www.pobiM,)o
• ~ : www pn~dia.in
· II
m 1- 1'> tl f'lw<i 24 ;t - fl S - - I "'••b ,.,,;., a.ot ~•wmK ,., lo loll.,, 24 """ "" ""'" ,1000 100 2221/1800 103 fZ22 .. ' , ,,
. · , Page 5 of.lo · · . · . _ - ,- - . ·
' ' .. ,.::;c_-_,.--.>>:•-·-\':•,:·... ·_,·:-.:.' . ', .. , ... ,_ _ .. , · ...... ,_.:,_- \': .. ,'-' ...
~:'';; ::'::, . .: . _,._; ::.:=::'.~~•t•', \---~~-".-';\;;•,,:, -\~.~-.:~'.~c•:~·-/,::<+!~:"c:'';j-;~;;;;;,;~~"~:,~\.~;}7:\:;,;;-:r-,;::,',;:~;..~~\',-~,TC<;'-;;~<'•'•;~.,_._~.
 Zonal SASTRA Centre, Zonal Office, 1st Floor, PNB Building, Arera Hills, Bhopal (MP)- 462 011
· Phone: 0755- 4017045, Email: zs8338@pnb.co.in

Total RV: 19.57 crore

7. That NCPL & its directors, guarantors failed to and did not adhere to the
financial discipline,. resultantly accounts of the Company were classified as
Non-PerfornJ.in_g A$sets ~Itll effe£tJr<;>mJQJ24.2Qj ~.•Wlt.b::Jr
illfilrui.g!ng.B,s.,61,94 · ·
--as on NPA date, in compliance of RBI guidelines pertaining to Income
Recognition and· Asset- Classification·&· Provisioning norms; Presently, the .. ·
account is iying in the Branch Office: Indira Press Complex, Bhopal· and New ·
Market, Bhopal and for the recovery purpose the account is under-purview· of .
Zonal SASTRA C-eiitre; Bhopal.
. ·' .....
8. The Bahk: Ori finding that the borr~Wer is routing: funds · through Cl.lrtent
accounts operated in PNB & S81, has sought closure of C~fsfrbJtt' ·

.
undertook to close. · Despite clear undertaking and RBI guidellries;· M/s .
. . . --
no.n:le..nger Banks ~s 12~.r. extanTRs·1 guigfil!hes to-wh1ciitheEorrower/ directors .·
.

Narmada Cereals Pvt. Ltd. (hereinafter also referred to as NCPL") efnte·ring into .
..

sole-banking· arrangement With e-OBC; . f-iCPL and its Directors del/berately . ·

kept on bperatirig from current account. ahtF s~bstaritial amounts tra'ns'i:icti6h · .. ·.
· was r6uted,:\vlth · Pbn}afr Nit,6na1Bank 'C'PNB):ihainta/ned at 130:· New Market ..•
PNB arid 'also· inairit~iried ah. opetative ;ccitre'nt accoun] With: State B~nk: of ..
India ("SB/") at Badi; District Raisen (M.P.) and did not route its sale p'roceeds
througli e-OBC.
,,..... "
Thus, the inct>mE} was not routed' through-~~ncit -
ne _
source of income I revenue and, the cash flow sta·tement was also not·shared
... :·.··_·, :.·:
. with the. bank Witfr the malafidEf intenti6n; ~hich has resulted in wrdngful loss to
-._•, .
. · th~. Bank and.. its· . .
~ . . . ahci'wron'.. gfotg~iii to, NCPL Directors. ·. •

. . .. . . . .. ' . .
. ~ ..
·'
.. . ·~:. '. . . : ·,. - ....... _·,

a-.,' Pursuant to, declaring of borrower C011Jpany's. ·account~ as· N.PA, the Authorized.
:_· '\ :
Officer of the Bank issued nbtice under: Section_ 1'3 (2)' The Securitization , oi'

~( : -·
·· Bi,tik ;,>;Ci:Qrdiii!)I,', fHE! AU!hii[itEid. Officer 6f the: ilppliCiliit Bar'Jk initiat~d the, .
. . \ · m~ia:suie\i. under SecfiOil 1iC(4}6f the, Ad Ftiiih lit, B~lik!/faS •-~Rid· ?i\'e oi, the•_·_ ..

cf>11lr{c 'Pf<TR'!tr: ~ xfum'-4, ~-10, IDWT, ~ ~ -110075 • ~ : 011-28075000, 28045000 • t)~: www.pnbiridia.in
Corporate Office: Plot No.- 4, Sectcir-10, Dwarka, New Delhi-110075• • Telephone: 011-28075000, 28045000 • Website: www.pnbindiar.in.

q'iifJil ~ ~·~ ~ 24 ~ ~ ,f<ff ii

:'·,.,., ,'.,· ;~:,.:-· - - . -.. ·•- << . '
J!fQq,J ~

-. - · . - .. ~ •· +-S~I!i~i!J~ </''
t Punjab National Bank w.elcomes you to toll free 24 hours call center
.Y ~ ~' <5.;
1802222/1800103 2122 •.
 ~ fctirtrr, ~ cf>lqfctq, 1ltn=r cffi, tft tr,, ift RJf&l,,, Jfffi ~' iiNm (11. 11.):- 462 011
1
Zonal SASTRA Centre, Zonal Office, 1' Floor, PNB Building, Arera Hills, Bhopal (MP)- 462 011
. Phone: 0755- 4Q1.7045, Email: is8338@pnb.co.in
Collateral Security bearing Plot No. 39-B Block, Phase-2, Noida, Distt. Guatarn
Buddha Naqar, UP~201 305, Admeasuring 1950 Sq. Mts. for Rs. 7.63 Crore
through e-auction held on 12.04.2022.

b. The Company through its promot~r/ ditectors has filed application under S.1 O · ·
of IBC, 2016 before the NCLT Bench New Delhi for resolution of company with
contention · that they are not · able · to manage the Company against the ·
outstanding debts Of more than Approx Rs·. 62:00 crore from OBC and PNB on.
18.02.2020. The, NCL T Bench New Delhi have admitted the application for
Reso!utibfr 6f, Comp'anYon 07: 12.2020:the·proc~ss of CIRP WaSihiti~fod·trom·
07.12.2020 and pllrsuance to ,oroced~rei of 2015; 5 prospe6tive·reJolut'ion ·_. rec
applicants (P~A) Were · received 'dut 'of them . one is · Consorti'uhi Mr Arun' . of
Mitta]: & Mr.
Ahhinav. Mittal; the. presehf suspended. directors- the CDi . Of
company who has offered Rs.37.00 crore as a Resolution Plan instead of -
. making. any payment' towards the' pLJblit money availed . by company arid
utilized, diverted ·by the· directors. The: Hon'ble NCL T, ·Delhi: has, ordered·_-·. ·
. liquidation vide order dated 04.01.2022; Sh: Prabha! Jain, liquidatot has put .
assets of the borrower on 'sale but no bid is r~ceived: · .
. -

to. Tr.an~action Audit & Forensic Audit: .

. . rhe Rt<i~1tt;on f>iofessibli~i h~~ Jot c:6ndud1ed, thi, r;a,;;act;b~ Audit • tinder
. · 1sci201e; The Transaction Audit' Report 6f.NtPL ·dated o'aJ66)20·21 sUbn,itt~d
.•.. · ·. · •. -: ··.·::-,,., ··;,:_,,;·. : ;,,--: ,'··<.'.·, .... ·, ;·..--......,.,y·•.. ,::- ··:•, .... ·:.·<'·.,.·.,;:.- . . , ..... · ..... , .... •. .-. •'·>:·. ,··.•, _ . .
. by· .'T1~ah Tapd<>h,. a~ct .. R?9rytJY{~n~hi,·._G'1?iie~e. d:.A~qquptf:lntf (~hcl~:s,ed) .
·. ·, :•, ·-•.. · pr?vi~'.eft: grapfo.9:,~:~~~iis:_ ~f:16~t~'n9.~~, 9f'M§Y~M~b.f of Qp~~,9.~f~H:;Lpa),f ahd.
: ~ •.·· '
. Advanc~s; •. Transci6ti6iis,- with\ R~lated, '. ·partieE( :. Preferehtiai\ tfohsactidiis\.

·. ·• ~:~~:~::l1!d\~ft~!~•.,~~~/i~~t:~f,,ahiadidr\s
. .. -
ddtit<·.w Ncftc·
' ' ·. .. ·. - . .
t'iith
' •,
.
..
·. :, '· '.. . '.. ··. · .>:- ,·: . >.. . ..... : ' ....
· f1: Further; subsequ~ht tb the ac:dou'rifot 66rrower cdrripariy fli'r~ing ·to Np.A· and ·.
. . · . · .... ::·.'· , .., ·.' ·..- ,.', ..• ··•.· ; .. ,., ... ·,.. :·,:-,•..;.:_·.:·•-· ,·, ... :.•.. c,·•·· .. ·.... :· :·:; . .... ;- .. :.,·: ..... •.:,, .....
· · - .·. to, ascertain dive·rsidh through continued, op·eration from 'ct:irrent accounts other . ·
.· . · ..·..... ' . . thah, e~bsq a
fbren,sic' audH of NCPL'sjccoUnt a;signed fo' 'Mis Jain W~s,
' «;~iy JiigaWatkamdat8iid CO.' Who lri i\S iiucti\ rep4r1 date'd 08 62,2021) (endos<id) ....
. ¥'/
e;'~.
IOL , , ~i;'$'f~U nd, t~~t ttf~ iiifoiiiiQ~ i,f JIIC ~E \v~ftQ <j:Eit(~~dcitS iiri a.J1'?i01 JfEl1it()fu {ii.
s . :: ')Jf eldsc: fr h~s- been. reported,·thaf NCPL is; a: \!Villfuf Defaulter'·as weU: ~'s' Non:- . : . ··.
. . . ...
\~~¥':·. · t'db~JY~tiW'86ii6\V~A .:9:i ';i~•·;liti~/ii{,'i{@i/iicif/i~ lfri~bjji,'irifb'ili\lt<BBCi'/~;i:.. ·. ,· • -·. •.·'
~ ~ : tcnc xf@IT-4, ~-10, &R<ITT, "I"{ ~-110075 • ~ : 011-28075000, 28045000 · • ~ : www.pn~dia.in
Corporate Office : Plot No.- 4, Sector-1 O; Dwarl<a, New Delhi-110075_' ·. •· Telephone : 011-28075000, 28045000 • Website : www.pnbin<.1 ar.in

tfum! ~ ~ qjt ~ 24 '£it~~ if Wf<liT 'f<ir1@' ! Punjab N~i,~~a.Ufanl( welcomes you to toll free'24 hours caii center :18001802222/18001032,t22 • ' ,,

'JL'Y>l< \:@_;. J. } .. ~ .i.•c;,; . j, i . (.;''.),if~&~JK~,?{ ,@,· n·c!t,ffa.&:i&;f \'f.'· .·.·;; . . •·L.L.LicJ·l'i

 1
Zonal SASTRA Centre, Zonal Office, 1' Floor, PNB Buildi11g, Arera Hills, Bhopal (MP)- 462 011
· Phone: 0755- 4017045, Emaii: zs8338@pnb.co.in
agreed) and the source of income/ revenue & the cash flow statement is not
· shared with the bank with the malafide intentions. It has been found that in the
initial .Period• Of availing the credit fatilities itself, the sanctioned amount has.
been transferred by NCPL to Related/ Associate concerns in which only family
members are stakeholders. The Bank has also initiated process of declaring
borrower/ g'uarantors as wifful defaulter for above mentioned acts or omission .•
a
F urther, forensic audit report revealed · that h uiJe deviation wrt the Turnover.
per Audited Financials & the amounnouted through osc for atidit period is ·..
as under:
as
Year
· Credits- OBG
Turnover as
·. Dev/ation.
· ..
' per : . ··• Atidited .~ ...
% of Turnover
- i=i~ancia'I~-,, · · . i'Outet( tflfoUgh
2016-2017
2017-2018
_ 1,371,167,200
1,504;619;612
, .. ·oac,_.· ·. ·,, ..

6!2,071,950 133,452,412 91%

2018-2019 1,217;908;686
261,955,049 545,836,736 ·55%
2019-2020 794,695;007.
86,005 532,739,958 33%
· Upto 190,708, 786
Dec.19 190,622,781 0% .. ..
(unaudiied) ..
...
· .. :
Modus Opei-~ndi: ·
·,. \..

12: As per th~ Fdr~nsic AUdit R~port iirid the thinSaCti6n Audit (TAR), . Repari
. n() clear ,iatJii tr'1il iS available for bOth iilWaid arid oUtvviird · movE!ritiw Of gciod;i ·. •

.~ :
·. •. converieif iritq, iiidlletary teirns: bbi,ifoSe tit tile, PiiCe ilriduOtiOn: fidhf liiiie to
: ..

lillli;, W~i8h >'ias dohd de1/o·sra1e1y/ : • .•. ·... . , . . < . ·. : . ·. '. . . . · •. •. '.· · •. · .
.... ' . . ' . .· :•· 1rd~/i~;P1tr;Jr;·1/1&"tot~~;}ftit~t1l¥.1f~{rt~i:: .~t~ti~~~;;;zi. •.. · .. •

~~.~ . . ;~"fa~f~tt::tttYt~:~:~lta;:t~~9ttl~~~sit:itlt:'ti~ttt;t~~~~ftiff.
i~I;
,;,;,•,~r . •.
\s,
;e~ilfd, ig~t~~ il ~r \~~•y~
ent Of dU<,f ~1
intention 0f defraud,ng e-080 (now J?N E!), .·
~-?.~?· WhicJi 1as d~~e.'i>lith. the °'~I~
•' ,
 ~fci~; '3fc@"cf?iqfoJq, ~zmcm,st 1fl1t-=r~~~ 1r, ~~, ~ rr. >r.)-462 011
Zonal SASTRA Centre, Zonal Office, 1 Floor, PNi3 Building, Arera Hills, Bhopal (MP}- 462 011 · ·
· Phone: 0755- 4017045, Email: zs8338@pnb.co.in.
14. The NCPL or its promoter/ directors failed to explain shortage/ diversion/
sale purcha·s~ records and forensic ··audlt report from 'M/s Jain Jagawat ·
Kamdar and Co.' dated 08.02.2020/ Tri3nsaction Audit Report from 'M/s Tiwari
. Tandon and Raghuwanshi' dated 08;06.2021, the BanlLtllr.a.ug.b....its~QGJVl ·

" . . . . . --
-~~m~ttee ~a~.P:.':~~iv~?~~~~ ?a~:~: s,r;i.rn~~[~e£rje9:..t9.J~~Lo_rt,lQ.Q.9.,2.Q2.jJ-.2r ·
. '"
. . . . . . . .=----~-. . -.
.----•arvers1on oHund, m1sappropnat1on and cnrnmet breach of trust.' .
,.._.
15.Accountabflity: · · . .
.
.
. .
·
. ..
""""'=
.

. . The.staff side action is ·examined through ZAo· Bhopal.Vide their report

· dated: 16.o'ai202{ wher~in n6. iaps~s is: reported,' whlch staff \varra'hts. .·
acc·ouhtability and'reported as NIL: for ~ny
lapses for thenixpo'su~e'.> . ·.

16. The ro,~s ci/ CA, Statuary Aliditi:>fs, . Sfock Allditors, and Etfipa:tiei,ed Vaiu~rs •.
etc, may be examined by.. irivestigating·officials. . . ·
. ·~ .. . ...

. . . The speciafirivestigatibn: ofaccountby ZAb has been condUcted arid ·...

investigation has not reporteo any adverse against valuers· and has Observe·d ,
that auditor's litfl1- Mis Mariohitrr~f Jaif&. {)o who haVe atlditii1 th~ iiilancii,f ._ .
. . statements o(tne COillpany during concerned· years has not dis'dos'e'd ahy .
r~lat'ed party frahsactibAs ln th~ 'audited. fin,iinciaf stateme"hts: atitj reported NIL .
relat~d ··party transaction; Hovvever;a the\ iriVestlgating authority. may· investigate
irifentid'rii:ir: rnisre~brtirig 'in C6rthivaHc~'J;th b~h6wer; if~friV · · . , .. ' · .....· · · · ...

\ ··.. Thus; NCPL, its Directors ancf Guarantors etc: have'deHberafely;. Willfully.
. · · · · · a nd m alici~us IY- com m.itti& a~tsJq: ¢a'4~f. wrghgfu I,' IO~s'. td: QBC: (~ow f>N $}· ~rid
-,._ ...
. .
•

to cau~e, wr6'ng'ful gJin'to thehfa~,~~(•',;. ·.·, . ' ·.. ' . · .. > ····• . ·. .· , · .·· ·

·~ . . . .

• . ·~ !
 ~rcti/PT, ~:~itJfoi1, trifif "c@', lfi'tff~~~·rr,· ~~, iiTQrn r:r. trj-462 011 ·: 1
Zonal SASTRA Centre, Zonal Office, 1•_ Floor, PNB Building, Arera Hills, Bhopal (MP)- 462 011.
Phone: 0755~ 4017045; Etnail: zs8338@pnb.co.in .
Rs.61.95 Crore plus Interest as applicable from date of NPA plus Other &_
Recovery ProcessCharges.

It is· therefore requested that FIR under relevant prov1s1ons b( IPC be

· registered against them in the matter and _thorough investigation may please
be done and ·culprits·be brought to book and they be proceeded against as per _·.
law so thafthe public money involved canbs recovered. Further; Branch Office
has confirmed that all the ihf6r111atioi, and relevant documents are available· •
with the Bank which shall be provided as and when required for 'the purpose of.
ihvestigatioit
.... '. • ·: - · ·
..... : '~ .... ·: . . ~.
' ·:

· Thanking-you· ·-. . .

Yours S.foc·.··erel ~~
~:~
.Tl(A'y'I(~~ ·.. '
' . .
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_: . · . ..,.r-_;.. .,S,.1SfR.A CC.(\~e,, :
· Ralesh Kumar G ·. -tr I'll'~ ..
··• Chief Miinager .
••, ....
:._·. ·c' ;.1o·, Zon·aJiSA:srRA-Cehfre
.. , , ··.,. "l . . ; ., - . ;_: . ·,·... ~ ~ ... ··. .
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·. : P,,..riJaif Niltior1a1 a~nk, · ·
. ·zonal Offie~/15t FIOor, . ' ... \ .

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PNS· Building-; Ateri Hills, · _:.
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~ ~: ~ ~-4, ~~10; ~. ~- ~-110075 • ~ : 011-28075000, 28045000.

Corporate Office·: Plot No.- 4, Sector-10, Dwarka, New Delhi-110075.. •· Telephone: 011-28075000, 28045000 ·,. Website: www.pnbind~.in.
. . .,;, l""' b .ii ~ ,, >it -,\;, ; b - ! e,$J, N,i,;,;,a.,, wei,..,,C;,;,,, w1oi1 r,,, 24 ;,,,. a11 ;_,_, ;;.,, 1io lw/100010,,z,, ..