News Point: Court has also directed that financial statements, bank details, any important resolutions by Board of directors of the company be placed on record along with minute books w.e.f 1st April 2015 onwards to be filed in court by 12th of December 2018 and shall be kept in court custody.
The National Company Law Tribunal (NCLT) Delhi has issued “Contempt of Court” notice to Mr. Rohtas Goel and other directors of Buildwell Builders Pvt. Limited.
Court has also directed that financial statements, bank details, any important resolutions by Board of directors of the company be placed on record along with minute books and attendance register w.e.f 1st April 2015 onwards. Also notices along with the proof of dispatch of the Board meetings and attendance registers be filed.
It was further directed that all above records be filed in court within 48 hours by 12th of December 2018 and shall be kept in court custody.
The Current financial scenario of the group is not stable, and profitability has dipped despite taking the extra loans from various banks and financial services providers. The case will be heard by the NCLT bench (Delhi) on 14 January 2019.
Omaxe Ltd., the real estate development companies, were founded by both the brothers in 1987 and currently has a footprint in 8 states and 27 cities.
