After marking a halfway of 50 days of NewsX NPA investigation campaign, today we bring you case 31 Surya Vinayak industries ltd. This company is mentioned 4 times in our NPA list and owes 4 different banks. A total of 391 crore rupees.This case remains unique since this company already popped up in our investigation in case 8 under allied perfumers pvt ltd.After digging further into that case, today we bring you more insight into this company in order to reveal how web of shell companies allegedly manage to dupe banks of crores by taking loans one after the other.
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