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Ousted chairman of CG Power, Gautam Thapar seeks reelection to CG board 14 Sep, 2019, 02:26AM IST CG Power’s board is looking for more independent directors to work towards avoiding an IBC resolution, while Gautam Thapar wants a reentry after denying all allegations of assets diversion. Get all the latest news and updates on Gautam Thapar only on News18.com.
CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power. The sale of immovable assets will take place later in the month under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. gautam thapar Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Gautam Thapar denies wrongdoing, blames vested interests for woes Thapar lost control of his flagship business to a private equity investor and his mortgaged home in Delhi to a private bank. Find Gautam Thapar Latest News, Videos & Pictures on Gautam Thapar and see latest updates, news, information from NDTV.COM. Gautam thapar News - Find Gautam thapar latest News and Headlines today along with Gautam thapar Photos and Videos at HindustanTimes.com. Yes Bank will auction properties of Gautam Thapar's Avantha Holdings and Shivinder and Malvinder Singh's Oscar Investments Ltd in a bid to recover their dues. Get Gautam Thapar latest news, breaking news, videos, photos, special reports, trends, top news, opinions on Gautam Thapar at Business Standard By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. Gautam Thapar, who holds negligible stake in the company, denies wrongdoing charges Thapar would, however, continue to be a member of the board — a position from which only shareholders can remove. gautam thapar Blogs, Comments and Archive News on Economictimes.com Read all news including political news, current affairs and news headlines online on Gautam Thapar today. Shares of Adani Power Monday rose by nearly 3 percent after it entered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore. Gautam Thapar (born 7 December 1960) is an Indian businessman.
Gautam Thapar, the former Chairman of CG Power and Industrial Solutions has sent a legal notice to the company board over his removal, calling it illegal. Adani Power shares up nearly 3% on Avantha deal. After meeting corporate affairs ministry, the ousted chairman of CG Power Gautam Thapar has initiated legal action to recover copies of the documents based on …
Early life.
MUMBAI: Gautam Thapar, who was ousted as chairman of CG Power & Industrial Solutions after a multi-crore rupee financial scam was unearthed, has sent a legal notice to the company board contesting his removal which he said was illegal. Gautam Thapar belongs to the third generation of the business family founded by his grandfather Karam Chand Thapar, in Kolkata. Explore more on Gautam Thapar.