Patanjali objects to Adani's eligibility to bid for Ruchi Soya
New Delhi, June 23: Adani's bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings, appears to have run into rough weather as Yoga guru Ramdev promoted Patanjali Ayurved has written to the Committee of Creditors (CoC) raising concerns about Adani Wilmar's eligibility to bid for it.
"We have written a letters on June 10th and 11th regarding Ruchi Soya to CoC and we have not received any reply so far," Patanjali spokesperson S. K. Tijawarala told IANS.
It is learnt that in the letter Patanjali Ayurved had raised issues under section 29 A of the Insolvency and Bankruptcy Code (IBC).
Meanwhile in a report by The Business Standard, the CoC, comprising the lenders, recently met and discussed the bids made by both companies and their respective resolution plans for the insolvent entity.
According to Section 29A, the bidders for an insolvent company need to meet specified eligibility criteria. It means a bidder cannot be allowed to offer a resolution plan under Corporate Insolvency Resolution Process (CIRP) if the promoter is connected to another stressed-loan corporate. Ruchi Soya was admitted to the CIRP in December 2017.
Ruchi Soya has brands like Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
Financial creditors have filed claims worth around Rs 104 billion, while operational creditors have filed claims worth Rs 360 million, the newspaper reported.
"Pranav Adani, MD of Adani Wilmar and a relative of Adani group chairperson Gautam Adani, is married to Namrata, daughter of Vikram Kothari, the erstwhile promoter of Rotomac group who was arrested by the CBI in February, after Bank of Baroda complained of a fraud by his company," Business Standard reported.
"According to recent IBC ordinance, approved by the President on June 6, the definition of "connected person" has broadened to include "related party" and "relatives" like members of the family, husband, wife, father, mother and other familial relations, including in-laws," the report said.
The report said, since the resolution plans for both bidders were submitted prior to the recent amendment by ordinance to the IBC, it is unclear whether the broadened criteria under Section 29A will apply to the present case.
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Jharkhand horror: Man kills live-in partner, chops body into 40 pieces
Ranchi (PTI): A 25-year-old man, who works as a butcher, allegedly strangled to death his live-in partner and chopped her body into 40 to 50 pieces in a forested area in Jharkhand’s Khunti district, police said on Wednesday.
The accused, identified as Naresh Bhengra, was arrested.
The matter came to light after around a fortnight after the killing when a stray dog was found with human body parts near Jordag village in Jariagarh police station on November 24.
Bhengra was in a live-in relationship with the deceased, a 24-year-old woman also from Khunti district, in Tamil Nadu for the past couple of years. Sometime back, he returned to Jharkhand, got married to another woman without telling his partner anything and went back to the southern state without his wife to join her.
"The brutal incident occurred on November 8 when they reached Khunti as the accused who had married another woman did not wish to take her home. Instead, he took her to a forest near his house at Jordag village in Jariagarh police station and chopped the body into pieces. The man has been arrested," Khunti Superintendent of Police Aman Kumar told PTI.
Inspector Ashok Singh who investigated the case said the man worked in a butcher shop in Tamil Nadu and was expert in slicing chicken.
“He admitted chopping the body parts of the woman into 40 to 50 pieces before leaving those in the forest for wild animals to feast on. The police recovered several parts on November 24 after a dog in the area was seen with a hand," Singh told PTI.
Singh said that the woman, who was unaware of his marriage, pressured him to return to Khunti. After reaching Ranchi, they boarded a train on November 24 and headed to the man's village.
"Under a plan, the man took her to Khunti in an autorickshaw near his home and asked her to wait. He returned with sharp weapons and strangulated her with her dupatta after raping her. He then cut the body into 40 to 50 pieces and left for his home to live with his wife," Singh said.
The woman, however, had informed her mother that she had boarded a train and would be living with her partner, the police officer said.
Following the recovery of body parts, a bag was also found in the forest with the murdered woman's belongings including her Aadhaar card. The mother of the woman was called at the spot and she identified her daughter's belongings.
"The mother suspected the man behind the crime who after being nabbed by the police admitted to chopping the woman into pieces," the official added.
The incident has sent shockwaves among people in the region, with the Shraddha Walker murder case of 2022 still fresh in their memory.
Walker was killed by her live-in partner who chopped her body into pieces before dumping them in the jungle in South Delhi’s Mehrauli.
