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Duee Outetandlng Again. Fate)A ,Forging and . Taken by the Govemment in Regard Thereto

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Duee Outetandlng Again. Fate)A ,Forging and . Taken by the Govemment in Regard Thereto 395 Calling attention to matter of AUGUST 22, 2003 utpent public impottance 396 SHRI ADHIR CHOWOHARY: What is the quantum 15.18 hr•. 01 money earmarked for West Bengal on this iSSue? (U) Situation artatng out of huge amount of bank MR. DEPUTY·SPEAKER: He will send the information duee outetandlng again. Fate)a ,Forging and to you in writing. Auto Part. Company, Aurangabad and atep • In SHRI ADHIR CHOWOHARY: Sir, please ask him to . taken by the Govemment regard thereto. do so. ... (Interruptions) [Translation) MR. DEPUTY ·SPEAKER: I have already asked him SHRI CHANORAKANT KHAIRE (Aurangabad, to do that. Mr. Minister, send the details the hon: Members have asked for, in writing. Maharashtra): Mr. Chairman, Sir, I draw the attention of the hon'ble Finance Minister towards the following matter SHRI ARJUN CHARAN SETHI: Sir, thi8 i8 a Calling of urgent public importance and request him to make a Attention on Bihar only. However, many Members have statement in this regard: raised other issues. ·Situation arising out of huge amount of bank dues MR. DEPUTY·SPEAKER: Not many, only four-five outstanding against Fateja Forging and Auto Pa~ Members have raised their issue8. Company, Aurangabad and steps taken by the SHRI ADHIR CHOWOHARY: Sir, the problem of Government in regard thereto· rivers is not confined only to Bihar. It Is an alI-pervading issue .... (Interruptions) THE MINISTER OF STATE IN TH6 MINISTRY OF FINANCE AND COMPANY AFFAIRS (SHRI ANANDRAO SHRI ARJUN CHARAN SETHI: You had better VITHOBA ADSUL): Mr. Deputy Speaker, Sir, my colleague approach your State Government. ... (Interruptions) Shri Chandrakant Khaire of Shiv Sena Party has given notice for calling attention motion, I rise to reply in this [Translation] regard. MR. DEPUTY SPEAKER: Ram Vilas Paawan jl, why are you rising when your question has been an8wered. Hon'ble Khaireji always remains vigilant of his Parliamentary constituency. He has asked about the action ... (Interruptions) propoaed to be taken by the Government against Fateja Group of Company located in his Parliamentary SHRI RAM VilAS PASWAN: Mr. Deputy Speaker, constituency for its wrong deeds and the present situation Sir, hon. Minister has not replied about Phulya-Darajla. ... (Interruptions) of the company arose out of It. Fateja Groups of Company, Fate;a Brothers and Forging and Stamping Ud. MR. DEPUTY-SPEAKER: Rest of your queries Will And Fateja Forging and Auto Parts manufacturing Ud. be replied in writing. Companies are manufacturing. &para parts of two and four wheeler vehicles. This company was established is (Interruptions) 1968 and became pubRc limited company In 1980. InitiaJly, (English] under the leadership of Punjab National Bank. .. (IntenuplJons) MR. DEPUTY-SPEAKER: Item No. 22~ ChandraIcart Khaire. THE MINISTER OF STATE IN THE MINISTRY OF YOUTH AFFAIRS AND SPORTS (SHRI VIJAY GOEl): ... (Interruptions) Parliament is discussing an Individual company .... MR. DEPUTY-SPEAKER: Nothing will go on record (Interruptions) except Shrl Khalre now. $HRI ANANDRAO VITHOBA ADSUl: It has to be tak~n ~ once it is admitted. ... (Interruptions) 397 Calling attention to ",."., of SRAVANA 31. 1925 (Saka) 398 KUNWAR AKHILESH SINGH (Maharajganj. UP): Mr. {English] Deputy Speaker, Sir, scam has taken place. .. (Interruptions) MR. DEPUTY SPEAKER: Hon'b!e Minister. pIeaIe give the reply. SHRI ANANORAO VITHOBA ADSUl: It Is true that scam has taken place. .,. (Interruptions) ... (Interruptions) SHRI CHANDRAKANT KHAIRE: A bungling of Rs. 850-crores has been committed. ... (Interruptions) SHRI ANANDRAO VITHOBA ADSUL: They got loan SHRI ANANDRAO VITHOBA ADSUl: Govemment is as working capital from the banks and infrastructure ready to give reply .... (Interruptions) companies eet up under the leadership of Punjab National Bank. This company was doing weU till 1996-96, they MR. DEPUTY SPEAKER: What is this? gave dividend a180. But later on in the name of organisation and expanSion, they took loan through ... (Interruptions) share8, promoter's lunda and on the basis of tumover of some Organisatlon8. they even received loan from the {English] non-banklng Financial instftutlona at higher rate of intereat. MR. DEPUTY-SPEAKER: The hon. Minister is Since then, company'. condition 8tarted deteriorating. replying, you should not interrupt. AJongwith the higher rate of Interot, they had to pay higher rat.. for the borrowings from Private Financial ... (Interruptions) companies. Consequently, mismanagement started and the company began to make 10..... I have mentioned {Translation] 206.30. the company apent thia entire amount at that time. Unfortunately, at that time automobile indu8try was SHRI CHANDRAKANT KHAIRE: I have the paaaing through the recesaion. This affected the company information regarding bungling of crore of rupees. ... adv.,...ty and in 1996-97, the company suffered a 1088 (Interruptions) of Rs. 187.30 erore. The company continued to suffer 108888 for many years. In 1999 the company was closed MR. DEPUTY-SPEAKER: That's why notice for calling down. The company had approached BIFR in 1997. On attention motion has been admitted. 24th March, 1999 BIFR declared the company as a 8ick unit. ... (Interruptions) ... (Interruptions) Through Ita management, company filed an appeal SHRI CHANDRAKANT KHAIRE: Mr. Deputy Speaker, against It but It wa. dismissed. Thereafter, through the Sir, only 10 minutes have left and I have not ralaed my advertl88ment of ICICI in newepapera, they Informed about questions till now .... (Interruptions) the change of management but no reepon88 was received MR. DEPUTY SPEAKER: You would be able to raise and nobody came forward. Thereafter the company was questions. That's why it has been taken up. locked out. Then BIFR suggested that the Management and ICICI together should give a good propoeal but no ... (Interruptions) such proposal came and ultimately the company was wound up. The criminal c.... were flied againat the SHRI VIJAY GOEl: Mr. Deputy Speaker, Sir, can promoters of the company because of the mismanagement Parliament discuss an individual cof1l)8flY .... (IntetrIJpIioM) and they did not repay the loans taken from the banks. IFCI aleo filed criminal cases against them for not issuing SHRI CHANDRAKANT KHAIRE: Why are you the chequea. This company had taken over the Singapur disturbing? You are not a Member rather you are a branch of Bank of India after passing a loan of 12.5 Minister. ... (Interruptions) million US dollars. The company had taken some funds from this branch as an allowance to purchase machinery MR. DEPUTY -SPEAKER: Khaireji, you yourself are but they spent it elaewhere for which Bank of India filed wasting your time. You please be calm and quite. a caae In CBI. This is the present condition of the company. I am aware what Khairep wants. He Ie worried ... (IntenvptioM) about mo .... than 4500 woli<ers who are not getting salary • .. 399 Galling attention to matter of AUGUST 22, 2003 urgent public Importance 400 [Shri Anandrao Vithoba Adsul] but he was not found. He was 88IUng out machinery In for the last 3·4 years since the company has been wound the name of scrap. When the IndU8try workers went there up. As per the wor1<ers, there are Bome irregularities In to stop him from doing so, he was not there. Then they their Provident Fund also. CBI inquiry has been initiated approached court. Thereafter, the company was sealed and the result would come in few days. The Govemment by provident fund. However, after breaking the seal with has received all this information from the Reserve Bank. the help of fake documents Rs. 100 crore was sold at Rs. 35 lakhs. The owner of Fateja wrote a letter to SHRI CHANDRAKANT KHAIRE: You have taken up Amblca Scrap Centre, Pune. this calling attention at this time, before that a major problem of my friends from Bihar was discussed. "', {English] (Interruptions) Sir, you have to give 1()"16 minutes more MR. DEPUTY·SPEAKER: Is it the pleasure of the because it is a major scam. We all are representative of House to extend the time for this discussion by 15 people. Suppose Akhitesh Singh ji asked the manager of minutes? a Bank to grant a loan of Rs. 50,000 or one lakh to some unemployed person, but the bank authorities do SHRI RAMESH CHENNITHALA (Mavelikara): There not grant the loan. We go to the bank for several times should not be any encroachment on the time of the but they do not sanction the loan. My submission is that Private Members' Business. ... (Interruptions) some action should be taken against the banks which are involved in 'irregularlties of crores of rupees. This MR. DEPUTY·SPEAKER: Only 15 minutes are company is situated in my Parliamentary Constituency. required. Having taken up the discu88lon, let us finish It 300 workers were engaged in It but in 2001 it was locked out. After lock out, there was a dispute of provident fund [Translation] of the workers which was under discussion with the Deputy Labour Commissioner alao. However, the workers SHRI RAMJI LAL SUMAN (Firozabad): Mr. Deputy did not get anything as compensation or remuneration. Speaker, Sir, the proposal should be moved in the House Thereafter. inspite of having dues of 46 lakh rupees as that P.M.B. Bill listed for today can not be taken up. PrOVident Fund of the wor1<ers, they sealed the company Since today is the last day of the session, one hour be and stated that they had become defaulters. The company allotted for Zero Hour. had played this trick earlier also before the company was sealed. In 1997, the company was in very bad shape. SHRI MULAYAM SINGH YADAV (Sambhal): We too It has been written there: have to speak In Zero Hour, so please give some time to all the Members. [English/ {English] ·Slnce 1997 this group of companies started SHRI PAWAN KUMAR BANSAL (Chandlgarh): In any committing defaults in their payments to the case, now no other busineas except the private members Institutions.
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