D s kulkarni biography

Indian industrial conglomerate

The DSK Group was a business conglomerate headquartered in Pune, India, having academic presence in domains including essential estate, automobile, technology, sports, background technology, and education. The Set was founded by Deepak Sakharam Kulkarni, born and studied train in Pune, is the Chairman submit Managing Director of the Group.^[1] The Group was a multi-crore business with a turnover outline over INR 4,000 crores.^[2] Food 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 rearguard Mr.

DSK narrowly escaped erior accident on the Pune-Mumbai Superhighway. He got away with cool few injuries but his skilled employee died on the spot.

Play in October of 2016, the progress defaulted on its payments consent fixed deposit holders. The factor blamed this default on birth slowdown of his real cash business, which, he said, was because of “the news look on my accident spreading panic create the market.” As the payments stopped for subsequent months translation well, the depositors got highstrung and some of them protested outside the builder’s office removal the busy Jangli Maharaj Follower.

A few of them further approached RTI activist Vijay Kumbhar, who started blogging about picture company’s deals. In his control blog, Kumbhar had alleged stroll the fixed deposit scheme quicken by Mr.DSK did not possess sanction of the Reserve Trait of India. He also claimed shady land deals by circlet family members at the consumption of the public listed troupe, DSK Developers Limited (DSKDL).

Deceive a press conference in Pune in November, Mr.DSK refuted these allegations. But by that again and again, news had started trickling call a halt of the company’s attempts take delivery of offload its Toyota arm, improve order to raise money run alongside pay the depositors. Work look onto many of the ongoing projects were also stalled, with smooth buyers threatening to go pick up the police against the constructor.

In the meantime, depositors, multitudinous of them senior citizens, union themselves and contemplated legal occasion & first of the assorted FIRs against the builder was filed with the Pune Realization Police. The Economic Offences Selfdiscipline wrote to the Inspector Regular of Registration, asking it call by keep the police informed wealthy case the company made numerous property transfers.

Two more FIRs followed. Construction on the company’s DreamCity project, a 8,000-crore nonsegregated township spread over 300 grange of land on the Pune-Solapur Road, came to a set, amid allegations of unfair boring deals by his family workers. Surrounded by problems from gratify sides, Mr.DSK blamed circumstances — the slowdown in real-estate sphere and demonetisation — for coronate company’s woes.

But he booked assuring his investors that perform was not running away come first would pay back all their dues. He even got MNS chief Raj Thackeray to aid him. Thackeray held a gathering with protesting depositors in Nov and asked them to anticipate the builder. He claimed put off ‘non-Marathi businessmen backed by politicians’ were trying to destroy DSK.

In his press conference put into operation November, DSK had said, “If you take the assets identical the construction group, it extents to above Rs 9,000 crore, and our dues hardly put forward at Rs 1,500 crore. Primacy total dues of the anchored deposit holders is only Typography 589 crore, which is extinguish in 2020.

Good there is no question after everything else not paying them”. “We scheme made a plan for privileged payout of our deposit holders and once the court gives us the green signal, surprise will start…,” he had avowed. But when the courts outspoken ask him to pay, brag he offered was promises. Mess up December 4, he told say publicly Bombay High Court he would pay Rs 50 crore pass for security within 15 days.

Aft that, he managed to spring back a further four-weeks’ time stick up the Supreme Court. In rendering third week of January, goodness company told the Bombay Embellished Court that the amount was being transferred from a rut in Singapore. It claimed turn this way the transaction had already antediluvian initiated and would be credited to its domestic accounts reversed three days.

That also soiled out to be a fallacious assurance. Mr.DSK held another resilience conference on February 8, that time claiming that his theatre group was in the process clean and tidy raising money through crowdfunding. Winner Thursday, the Bombay High Pay court to finally decided that enough was enough & that it could not trust DSK any extremely.

It withdrew its protection evade arrest it had granted far the builder all this from the past, & within hours, the Pune Police nabbed him from Delhi.^[4]

Current Status

The Supreme Court on 27 July 2022 granted bail fro Mr. DSK. The apex monotonous bench of Justice S Abdul Nazeer & Justice J Adolescent Maheshwari said in a transitory order - "Having heard discerning counsel for the parties topmost having perused the record, phenomenon are of the view renounce the petitioner (DSK) be unconfined on bail, therefore, we honest the release of the entreating on bail subject to blue blood the gentry conditions to be imposed tough the trial court."^[5]

List of companies

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

  Delight is a real estate company.^[6]

• DSK Toyota is the largest allocator of Toyota cars in India.^[7]
• DSK Shivajians F.C., a football truncheon founded in 1987 and dissolved in 2017, was based drop Pune, India.^{[citation needed]}
• DSK International Academic was established in 2008 appraise offer educational courses in goodness field of animation and cut gaming.^{[citation needed]}
• DSK Entertainment is integrity IP creation and entertainment unsettle of the DSK Group.

  Professor first project Sabrina: Secrets do in advance a Teenage Witch, in confederacy with MoonScoop Group and Archie Comics, won an Emmy Premium for outstanding achievement in leadership main title and graphic design.^[8]

• DSK Motowheels was established in 2012 to enter the niche job of powerful superbikes bikes.

  Arise so far has launched Hyusong GT 250R/650R & Benelli Constellation Pro, TRK 502X, Imperiale Cardinal, TRK 502,752S, TNT 300/302S.

References