Today is day 40 of NewsX NPA investigation. Case no 25 on the NewsX NPA list is Raja Forgings and Gears Limited. According to our list, the company owes Punjab National Bank 69 crore rupees which has now been classified an NPA. The story on the ROC records is no different. This is a company that allegedly defaulted on a loan, but this is the first case where the directors of the company have defaulted on a loan with one company after having allegedly defaulted on thousands of crores of loan with an already existing company. Cheating, forgery, criminal conspiracy and fraud, this case covers it all. Let's have a look at the full report.
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