The promoters have a criminal record.
THIS IS A COURT ORDER WHERE HONORABLE MAGISTRATE CONFIRMS THAT HE FINDS SUFFICIENT GROUNDS FOR PROCEEDING AGAINST H&M & OTHERS FOR CHEATING, FABRICATING & FORGING OF DOCUMENTS ETC.

IN THE COURT OF THE ADDL.CHIEF METROPOLITAN MAGAISTRATE
47TH COURT, ESPLANADE,MUMBAI.
CASE NO.177/MIS/2006



..COMPLAINANT

VS

State Bank of Mauritius, Helios & Matheson & Ors.
V.Ramachandrian / G.K Muralikrishna..ACCUSED

ORDER BELOW THE COMPLAINT:

1 Heard the Advocate Sabnis for the complainant.

2 The record is seen. It appears that the complainant and the accused No.4 were the share holder of Vmoksha Technologies Ltd and the agreement was reached between this company and accused no.5 Helios and Matheson Information Technology Ltd. For selling of the shares. It appears that thereafter the account was opend in the bank by committing forgery and the application for loan was made in the name of the company ...more