Lotus Refineries, which has filed a claim suit worth Rs 2,773.29 crore against beleaguered bourse National Spot Exchange Ltd (NSEL) in Bombay High Court, has demanded a probe into settlement procedure of NSEL stating that it had not received Rs 1,704 crore, which is shown as paid in the bourse's records.
Making public the transaction details with NSEL, Lotus Refineries accused the exchange of faking the RTGS details, Lotus Refineries said in a statement on Thursday.
NSEL officials were not available for comment.
Bank statements of Lotus Refineries show that while NSEL claimed that money was transferred in Lotus Refineries accounts, it was never credited, the release said.
"We demand a stringent probe into the malpractice; we suspect that the amount might have been used for money laundering," Lotus Refineries' spokesperson said.
Lotus Refineries was among the first companies to challenge NSEL and drag it to Bombay High Court. The company filed a claim suit worth Rs 2,773.29 crore against NSEL in Bombay High Court for goods being in the possession of the exchange (defendant) acting in fiduciary capacity in the warehouse owned and managed by the commodity exchange.
Earlier, the crisis-ridden exchange had proposed to initiate default proceedings against Lotus Refineries saying it owes Rs 252 crore to investors.
As per the claim suit filed by Lotus Refineries in the High Court against NSEL, Lotus Refineries has purchased goods worth Rs 2,665.04 crore while trading on the exchange.
However, NSEL had failed to deliver goods worth Rs 2,640.79 crore until this date, it said.
Bombay High Court has appointed a court receiver to take stock of the inventory of goods as set out in its complaint by Lotus Refineries against the beleaguered bourse.
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