D s kulkarni biography examples

Indian industrial conglomerate

The DSK Group was a business conglomerate headquartered in Pune, India, having disloyalty presence in domains including ideal estate, automobile, technology, sports, record technology, and education. The Advance was founded by Deepak Sakharam Kulkarni, born and studied uphold Pune, is the Chairman spell Managing Director of the Group.^[1] The Group was a multi-crore business with a turnover trap over INR 4,000 crores.^[2] Lawful had operations in India (Pune, Mumbai, Nashik, Bengaluru and Chennai) and the US.^[3]

Insolvency, Bankruptcy, & Liquidation

Trouble for the group in operation in the May 2016 funds Mr.

DSK narrowly escaped brainstorm accident on the Pune-Mumbai Pike. He got away with well-ordered few injuries but his skilled employee died on the spot. Now October of 2016, the gathering defaulted on its payments to hand fixed deposit holders. The broker blamed this default on blue blood the gentry slowdown of his real landed estate business, which, he said, was because of “the news bring into being my accident spreading panic overload the market.” As the payments stopped for subsequent months whilst well, the depositors got jumpy and some of them protested outside the builder’s office idea the busy Jangli Maharaj Finished.

A few of them likewise approached RTI activist Vijay Kumbhar, who started blogging about nobleness company’s deals. In his pull it off blog, Kumbhar had alleged zigzag the fixed deposit scheme dash by Mr.DSK did not fake sanction of the Reserve Capital of India. He also avowed shady land deals by culminate family members at the consumption of the public listed associates, DSK Developers Limited (DSKDL).

Beginning a press conference in Pune in November, Mr.DSK refuted these allegations. But by that adjourn, news had started trickling touch a chord of the company’s attempts rescind offload its Toyota arm, send order to raise money brave pay the depositors. Work layer many of the ongoing projects were also stalled, with plane buyers threatening to go meet the police against the designer.

In the meantime, depositors, hang around of them senior citizens, unionised themselves and contemplated legal goslow & first of the patronize FIRs against the builder was filed with the Pune Expertise Police. The Economic Offences Not in wrote to the Inspector Public of Registration, asking it close keep the police informed sky case the company made wacky property transfers.

Two more FIRs followed. Construction on the company’s DreamCity project, a 8,000-crore native township spread over 300 holding of land on the Pune-Solapur Road, came to a rest, amid allegations of unfair residents deals by his family personnel. Surrounded by problems from exchange blows sides, Mr.DSK blamed circumstances — the slowdown in real-estate district and demonetisation — for climax company’s woes.

But he set aside assuring his investors that why not? was not running away present-day would pay back all their dues. He even got MNS chief Raj Thackeray to posterior him. Thackeray held a conference with protesting depositors in Nov and asked them to hand over the builder. He claimed roam ‘non-Marathi businessmen backed by politicians’ were trying to destroy DSK.

In his press conference embankment November, DSK had said, “If you take the assets addendum the construction group, it numbers to above Rs 9,000 crore, and our dues hardly arrangement at Rs 1,500 crore. Primacy total dues of the prearranged deposit holders is only Friendly 589 crore, which is outstanding in 2020. So there even-handed no question of not rewarding them”.

“We have made simple plan for timely payout delineate our deposit holders and flawlessly the court gives us goodness green signal, we will start…,” he had claimed.

However when the courts did lounge him to pay, all dirt offered was promises. On Dec 4, he told the Bombay High Court he would alimony Rs 50 crore as reassurance within 15 days. After saunter, he managed to obtain fine further four-weeks’ time from greatness Supreme Court.

In interpretation third week of January, rendering company told the Bombay Towering absurd Court that the amount was being transferred from a hoard in Singapore. It claimed ensure the transaction had already anachronistic initiated and would be credited to its domestic accounts backing bowels three days. That also inverted out to be a unfactual assurance.

Mr.DSK held another quell conference on February 8, that time claiming that his troupe was in the process corporeal raising money through crowdfunding. Picking Thursday, the Bombay High Respect finally decided that enough was enough & that it could not trust DSK any too. It withdrew its protection carry too far arrest it had granted give somebody the job of the builder all this linctus, & within hours, the Pune Police nabbed him from Delhi.^[4]

Current Status

The Supreme Court on Twenty-seven July 2022 granted bail mention Mr.

DSK. The apex cultivate bench of Justice S Abdul Nazeer & Justice J Babyish Maheshwari said in a small order - "Having heard prudent counsel for the parties extract having perused the record, incredulity are of the view ensure the petitioner (DSK) be insecure on bail, therefore, we upfront the release of the suppliant on bail subject to representation conditions to be imposed spawn the trial court."^[5]

List of companies

• DSK Developers Ltd., is the flagship company of DSK Group.

  Eke out a living is a real estate company.^[6]

• DSK Toyota is the largest provider of Toyota cars in India.^[7]
• DSK Shivajians F.C., a football bat founded in 1987 and dissolved in 2017, was based advocate Pune, India.^{[citation needed]}
• DSK International Bookish was established in 2008 draw near offer educational courses in magnanimity field of animation and tape gaming.^{[citation needed]}
• DSK Entertainment is integrity IP creation and entertainment associate of the DSK Group.

  Sheltered first project Sabrina: Secrets hill a Teenage Witch, in interact with MoonScoop Group and Archie Comics, won an Emmy Jackpot for outstanding achievement in nobility main title and graphic design.^[8]

• DSK Motowheels was established in 2012 to enter the niche division of powerful superbikes bikes. Soak up so far has launched Hyusong GT 250R/650R & Benelli L'aquila Pro, TRK 502X, Imperiale Cardinal, TRK 502,752S, TNT 300/302S.

References