part of the
said land on lease to the 'Burmah Shell Company' by depositing title deed
(Royal Grant) of the land ... further averred that in the year 1973-74, the Burmah Shell Company
got merged in the Bharat Petroleum Corporation Ltd., and since then
Bharat Petroleum
remaining CAs (who had
audited balance sheets of e-DHFL & Shell companies and who
had facilitated the promoters), ultimate beneficiaries/end use of
diverted ... funds through shell companies & other Wadhawan
Group Companies, the DHFL officials, insider share trading of
DHFL shares, bank officials, NHB officials and other
connected
this respect modus operandi of shell entities is depicted below:-
Modus Operandi of Shell entities/or companies
Actually, shell companies are formed by making some ... held by shell
companies. Then in the current year the shares held as investment by assessee
company were sold to shell companies and paper entities
companies but Ashish Bhalla and his family members do not become
directors to avoid legal liabilities. Following Companies besides more than
100 additional shell Companies ... companies but Ashish Bhalla and his family members do not
become directors to avoid legal liabilities. Following Companies besides
more than 100 additional shell Companies
revealed many discrepancies including
diversion of APSSDC funds through various shell
companies; the vendors from whom purchases were
shown to have been made were ... DTSPL, belonging to Vikas Khanvelkar,
through SEPL and a web of shell companies, and in lieu
of transfer of funds, cash was provided by entry
that the learned Trial Court failed to appreciate
that the 5 Shell Companies viz. M/s. Able Reality Pvt. Ltd, M/s. Poseidon
Realty ... Number is 2023:DHC:2493
or Key Managerial Personnel of the shell companies except the Applicant
has been named as an Accused.
24. In respect
South Africa
respectively. So in the JV there is a Shell company,
without any tangible assets, employees, space, etc.
which was incorporated few days before ... funds
through the Petitioner through Mauritius, the Petitioner company
being a shell company without any tangible assets, employees, office
space etc. being incorporated
those shell companies have been classified as
Independent Companies as well as subsidiary companies of Marg Limited.,
But in reality, all these companies are controlled ... shell companies incorporated solely with an intention to avoid being detected
of the actual controller of the companies. However, these shell companies
were not involved
those shell companies have been classified as
Independent Companies as well as subsidiary companies of Marg Limited.,
But in reality, all these companies are controlled ... shell companies incorporated solely with an intention to avoid being detected of
the actual controller of the companies. However, these shell companies were
not involved
verification of seized/impounded material it was gathered that various
paper/shell companies were controlled and managed by Shri Mukesh
Banka for the purposes ... impounded during the course of search, bank accounts of various paper/
shell companies controlled and managed by Shri Mukesh Banka were
called for from respective
