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CBI Probe Fear Forces MVVNL MD To Cancel Tenders Of Yadav Singh�s Aides Company !

 2016-05-14 05:54:23.0

downloadBy VIVEK AVASTHI

Was it the fear of a CBI probe, that the Madhyanchal Vidyut Vitran Nigam Limited, MVVNL, a discom of Uttar Pradesh, in a knee-jerk reaction, has blacklisted NKG Infrastructure Limited, a company close to tainted and now jailed engineer Yadav Singh !

The blacklisting has raised several eye brows in the state and the centre as MVVNL Managing Director Shamim Ahmad is due to retire just next month and probably did not want to land into any sort of trouble with the CBI.

NKG Infrastructure in a joint venture with Modern Instruments Private Limited, had been given the contracts of rural electrification contracts under the RGGVY scheme of Bahraich district for Rs. 155 crore and of Hardoi District for Rs. 120 crore.

In a sudden turn of events, the top brass of the MVVNL decided to blacklist this company. In an order sheet signed by none other than the MVVNL Managing Director, Shamim Ahmed on April 16, last, the two companies were blacklisted and debarred by the discom.

The order, a copy of which is �says that the two JV partner firms �could not fulfill the terms and conditions of contract agreement/purchase orders with you and negligence in execution of work delay in implementation of scheme resulting in depriving of benefits of scheme to consumers of the project area, the contract agreement with you against the above mentioned Tender Specifications were terminated on dated 01.04.2016.

Hence, you are hereby Blacklisted/debarred from business in Madhyanchal Vidyut Vitran Nigam Limited, Lucknow for further Two years from the date of issue of this letter.�

Sources in Rural Electrification Corporation, the Public Sector Undertaking of the Government of India, which funds these projects to states, say that the REC top brass is quite unhappy with the sudden termination of contracts and blacklisting of these firms. Sources add that the JV partners were conducting the work in these two districts on a good pace and there was certainly no provocation to terminate the contracts and blacklist them all of a sudden.

A top ranking official in the REC who did not wish to be quoted, questioned whether the top brass of MVVNL feared CBI action as NKG Infrastructure Private Limited and its Managing Director Pradeep Kumar Garg has also been charge sheeted in Yadav Singh case, that they decided to take this step ? He added that this type of action against companies will be a jolt to the dreams of Prime Minister Narendra Modi, who wished to bring electricity to every village of the country as soon as possible.

NKG Infrastructure Limited is a Public incorporated on 16 November 1989.

It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 700,000,000 and its paid up capital is Rs. 567,090,110.It is involved in other business activity as well.

Nkg Infrastructure Limited�s Annual General Meeting (AGM) was last held on 29 September 2015 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2015.

The Managing Director of NKG Infrastructure Limited is Pradeep Kumar Garg while its other directors are Rakesh Kumar, Meenu Garg, Umesh Aggarwal, Nikita Goel, .

Nkg Infrastructure Limited�s Corporate Identification Number is (CIN) U74899DL1989PLC038371 and its registration number is 38371. Its Email address is cs@nkginfra.com and its registered address is 6, Todar Mal Lane, Ground Floor, Near Bengali Market, New Delhi � 110001.

Deepak Sharma and Yogesh Kumar Sharma are the directors of Modern Instruments Private Limited which was incorporated on 11 January 1994. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 42,500,000 and its paid up capital is Rs. 23,289,000.

Modern Instruments Private Limited�s Corporate Identification Number is (CIN) U74899DL1994PTC056853 and its registration number is 56853. Its Email address is accuratetransformers@yahoo.co.in and its registered address is 8, Local Shopping Centre, Vardhman Sidhant Plaza, Savita Vihar, New Delhi � 110092.

The CBI on March 15, filed the first charge sheet against suspended Noida Chief Engineer Yadav Singh, his wife and 12 others, including three companies, in a case of alleged corruption in handing out lucrative projects worth crores of rupees.

In the chargesheet, the agency has named Yadav Singh, his wife Kusumlata, engineers Ramendra Singh, Devi Ram Arya and Jaipal Singh, Tirupati Constructions and its managing partner V K Goel, JSP Construction and its partner Pankaj Jain, NKG Infrastructure and its managing director Pradeep Kumar Garg. Yadav Singh was arrested on February 3, 2016.

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