Respected Friends, WG forge company was Situated at Thane, Maharashtra, Company was in sound position till 1981, suddenly went in to liquidation, and close down in 1984, turnover was about 1000 crores per year. 2500 worker were working there. Mean time matter was in Mumbai High court. The property of the company was auctioned in 2003 for Rs.65 Crores, Builder was Hiranandani, When the worker brought this matter to my News Paper “Saamsatta” I have highlighted, When I used RTI, I got surprising things through it. The Auctioned made by court receiver of Bombay high court, Land was 42 acres in prime location. The Property was valued in 1997 just using the mere valuation method, such as there was property of A, B, C and A has value of Rs. 1500 per Sqft, C- has 1700 so B- will have 1250/- property in disput, not use the government redirecnore. In 2003 this price was almot double, and valuation was 135 crores. But at time of Auction valuation report was in close cover and auction. In RTI query they have said about revaluation. Valued only in 1997, and property sold for just Rs.65 crores to Hiranandani Bldr. Just like 2G scam, even after 6 six year property was not revalued, Do to this 2500 worker have got only 13 crore, there were 7.7 crores various banks loan they taken away 37 crores. Not doing revaluation the court receiver made auction. Can a news paper can take this matter to Supreme Court or file a writ petition in the high court on behalf of news paper. Worker union has given in writing to news paper to fight the matter. Can we can give Justice to worker of Company, on the basis of mismatch in valuation report. Please Guide and Help.
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with regards to the abovementioned matter,below are some datils :
W.g. Forge And Allied Industries Limited is a Public incorporated on 09 November 1959. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 50,000,000 and its paid up capital is Rs. 31,920,000. It is inolved in Manufacture of other fabricated metal products; metal working service activities
.
W.g. Forge And Allied Industries Limited's Annual General Meeting (AGM) was last held on N/A and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on N/A.
W.g. Forge And Allied Industries Limited's Corporate Identification Number is (CIN) U28920MH1959PLC011505 and its registration number is 11505.Its Email address is and its registered address is CENTRAL BANK BUILDING, G M G ROAD MUMBAI MH 000000 IN , - , .
Current status of W.g. Forge And Allied Industries Limited is - Under Liquidation.
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DIN Director Name Start Date End Date
06868123 ANUP VAIBHAV CHANDRASHEKHAR KHANNA 13/01/2016 -
06932942 PREETI ANUP MOORKOTH KHANNA 13/01/2016 -
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My father in law was employed in this comapny and had worked hard like anything but not got any compensatition yet,we have his share certificate,if this matter need to be subjudice than what should be the primary step,please guide
harish.khanolkar1@gmail.com
No time / energy to go through and oblige.
It would be better to consult a local prudent lawyer.
