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PackUniverse International Inc expanding operations to Ontario, Canada
Virtual Mission led by Minister Vic Fedeli & team with PackUniverse s team.
(PackUniverse International Inc.)
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Ontario, Canada & Indore, Madhya Pradesh, India – Business Wire India
PackUniverse International Inc. - MMIPL. has announced it will be opening its first-ever international facility in Ontario, Canada.
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Mr. Navjot Singh Tuteja, Director of PackUniverse International Inc., and Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, made the announcement today during the Minister’s virtual trade mission to India.
It was initially into textile products and later diversified into various other sectors.
The CBI has booked Faridabad-based Richa Industries Limited and 11 others for allegedly cheating the Indian Overseas Bank (IOB) and the erstwhile Corporation Bank of ₹236.74 crore. Several bank officials are also under the scanner.
Among those named in the FIR are Sandeep Gupta, Lavesh Kansal, Prabhakar Kotakote, Abhay Bansal, Nitin Agarwal, Manish Gupta, Bhawana Singhal, Sushil Gupta, Sonia Tahiliani, Jai Prakash Malhotra and Neeraj Bajaj.
The company was initially into textile products and later diversified into various other sectors. It took credit facilities under multi-lender arrangement over a period of time. However, due to non repayment of dues, the account was classified as non-performing asset (NPA) by both the banks in July-December 2017. However, they were reported as fraud to the Reserve Bank of India in April-August this year.
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