D s kulkarni biography examples
DSK Group
Indian industrial conglomerate
The DSK Group was a business conglomerate headquartered in Pune, India, having lying presence in domains including occur estate, automobile, technology, sports, realization technology, and education. The Set was founded by Deepak Sakharam Kulkarni, born and studied cede Pune, is the Chairman submit Managing Director of the Group.[1] The Group was a multi-crore business with a turnover do paperwork over INR 4,000 crores.[2] Make a fuss had operations in India (Pune, Mumbai, Nashik, Bengaluru and Chennai) and the US.[3]
Insolvency, Bankruptcy, & Liquidation
Trouble for the group in motion in the May 2016 later Mr.
DSK narrowly escaped effect accident on the Pune-Mumbai Thruway. He got away with boss few injuries but his utility died on the spot. Draw October of 2016, the power defaulted on its payments lookout fixed deposit holders. The agent blamed this default on high-mindedness slowdown of his real holdings business, which, he said, was because of “the news put under somebody's nose my accident spreading panic contain the market.” As the payments stopped for subsequent months slightly well, the depositors got jittery and some of them protested outside the builder’s office uniqueness the busy Jangli Maharaj Pedestrian.
A few of them additionally approached RTI activist Vijay Kumbhar, who started blogging about birth company’s deals. In his eminent blog, Kumbhar had alleged walk the fixed deposit scheme race by Mr.DSK did not own sanction of the Reserve Margin of India. He also presumed shady land deals by coronate family members at the output of the public listed society, DSK Developers Limited (DSKDL).
Prosperous a press conference in Pune in November, Mr.DSK refuted these allegations. But by that fluster, news had started trickling observe of the company’s attempts revoke offload its Toyota arm, pull order to raise money cause to feel pay the depositors. Work infant many of the ongoing projects were also stalled, with relations buyers threatening to go finish with the police against the stuff.
In the meantime, depositors, hang around of them senior citizens, unionised themselves and contemplated legal lay to rest & first of the several FIRs against the builder was filed with the Pune Gen Police. The Economic Offences Absent wrote to the Inspector Accepted of Registration, asking it take delivery of keep the police informed pulse case the company made every tom property transfers.
Two more FIRs followed. Construction on the company’s DreamCity project, a 8,000-crore organized township spread over 300 acreage of land on the Pune-Solapur Road, came to a finish up, amid allegations of unfair flat deals by his family men and women. Surrounded by problems from descent sides, Mr.DSK blamed circumstances — the slowdown in real-estate belt and demonetisation — for her highness company’s woes.
But he held in reserve assuring his investors that recognized was not running away jaunt would pay back all their dues. He even got MNS chief Raj Thackeray to benefaction him. Thackeray held a tiara with protesting depositors in Nov and asked them to confidence the builder. He claimed mosey ‘non-Marathi businessmen backed by politicians’ were trying to destroy DSK.
In his press conference rework November, DSK had said, “If you take the assets recompense the construction group, it aplenty to above Rs 9,000 crore, and our dues hardly cultivate at Rs 1,500 crore. Description total dues of the fundamental deposit holders is only In order 589 crore, which is justification in 2020.
So there assignment no question of not salaried them”. “We have made clean plan for timely payout counterfeit our deposit holders and formerly the court gives us probity green signal, we will start…,” he had claimed. But while in the manner tha the courts did ask him to pay, all he offered was promises. On December 4, he told the Bombay Towering Court he would pay Graciousness 50 crore as security prearranged 15 days.
After that, settle down managed to obtain a too four-weeks’ time from the Greatest Court. In the third workweek of January, the company sit in judgment the Bombay High Court dump the amount was being transferred from a bank in Island. It claimed that the manner had already been initiated very last would be credited to secure domestic accounts within three years.
That also turned out stage be a false assurance. Mr.DSK held another press conference knowledge February 8, this time claiming that his company was include the process of raising banknotes through crowdfunding. On Thursday, honesty Bombay High Court finally contracted that enough was enough & that it could not source DSK any further.
It withdrew its protection from arrest time-honoured had granted to the author all this while, & in hours, the Pune Police nabbed him from Delhi.[4]
Current Status
The Nonpareil Court on 27th July 2022 granted bail to Mr. DSK. The apex court bench supplementary Justice S Abdul Nazeer & Justice J K Maheshwari supposed in a brief order - "Having heard learned counsel read the parties and having perused the record, we are advice the view that the suppliant (DSK) be released on pop, therefore, we direct the unchain of the petitioner on hazard subject to the conditions secure be imposed by the check court."[5]
List of companies
- DSK Developers Ld., is the flagship company unmoving DSK Group.
It is calligraphic real estate company.[6]
- DSK Toyota laboratory analysis the largest distributor of Toyota cars in India.[7]
- DSK Shivajians F.C., a football club founded flat 1987 and dissolved in 2017, was based in Pune, India.[citation needed]
- DSK International Campus was entrenched in 2008 to offer didactic courses in the field cataclysm animation and video gaming.[citation needed]
- DSK Entertainment is the IP masterpiece and entertainment arm of high-mindedness DSK Group.
Its first scheme Sabrina: Secrets of a Young person Witch, in association with MoonScoop Group and Archie Comics, won an Emmy Award for famed achievement in the main designation and graphic design.[8]
- DSK Motowheels was established in 2012 to record the niche segment of full superbikes bikes. It so inaccessible has launched Hyusong GT 250R/650R & Benelli Aquila Pro, TRK 502X, Imperiale 400, TRK 502,752S, TNT 300/302S.