Bøker i MS SHOES FALL SERIES-serien

In the Fall of MS SHOES Series, by Alborz Azar, reveals the widespread corruption behind the precious Andrews Ganj land in the heart of New Delhi.A media condemned man whose innocence remained unknown struggles with the unfounded accusations, which caused public opinion to falter, leading to a guilty sentence before any trial could be scheduled.The victim behind the scam in this situation was MS Shoes; founder Pavan Sachdeva. Behind the lies and deception, a brilliant entrepreneur took the fall for the underhanded dealings of the Hudco Land Scam.Alborz brings light on the scam to reveal the truth that has deprived innocent victims of due justice for decades.

MS SHOES FALL SERIES BOOK II - UNDERWRITING PUBLIC ISSUE A FARCE is a corporate story of destroying an upcoming company and an entrepreneur. The underwriters have been refusing the claim and contesting it until 2022. The High Court of Delhi will still pass the decrees. Including, the underwriting public issue was insurance, which failed and declined to pay under flimsy grounds. However, after ten years of strenuous litigation, the High Court of Delhi appointed Arbitrator. The award has been passed after five years under the Arbitration Act, of 1940, in favor of MS Shoes granting the damages.On the other side, the company Gujarat Apar Polymers Limited (GAPL) and K. Madhavan, retired Joint Director of Central Bureau of Investigation, used his previous position before the Government Authorities openly defame MS Shoes Pavan Sachdeva. So, the corporate fall of MS Shoes is not written in the corporate history. Still, unbeknown to the public. UNDERWRITING PUBLIC ISSUE, A FARCE exposes the reality that some individuals can go up to play the dirtiest game, and underwriters refuse to pay. The underwriting public issue is a farce. MS SHOES FALL SERIES IS the true corporate story.

MS Shoes came out in February 1995 and was fully underwritten by 267 Underwriters. The Public Issue devolved on the underwriters due to under subscription. As per law, notices were issued to the underwriters who failed to bring in subscriptions within sixty days of the devolvement.The entire amount received had to be refunded to the subscribers, which made underwriters liable for the full amount. After ten years in 2007, the High Court of Delhi appointed a Retired Judge as Arbitrator to resolve disputes between MS Shoes and the Underwriters. Awards were passed in favour of MS Shoes under Arbitration Act, 1940.The suits were filed in 2012 by MS Shoes to pass decree in terms of award and brought twenty-eight cases to contest the award for the last ten years till 2022.

In MS Shoes HUDCO Government Andrews Ganj Land; a true story revealing the litigation for the last Twenty-Seven years, without producing a resolution, due to the laws in India.HUDCO continued to use various applications, which would take more than five years to decide. Even after the decrees were passed in favor of MS Shoes, the appeals took more than ten years to determine the application. Finally, in the Supreme Court of India, after five years, MS Shoes decisions could not be finalized.The legitimate dues would reveal disputes to further delay the final result for MS Shoes. Sometimes the conflicts between the Government and the bureaucracy would not let it happen.

MS Shoes Fall collapsed under the stronghold of Gujarat Apar Polymers Limited (GAPL), retained ex-Joint Director of CBI, K. Madhavan, and Ms. Pallavi Shroff, Partner of Amarchand Mangaldas and Hiralal Shroff & Co. The scam committed by them was amplified, especially due to K. Madhavan using his ex-position.In India, reports reveal K. Madhavan was supposed to be an honest officer, but a media-hungry individual. The deceit he practiced in obtaining a fraudulent statement from a buyer of MS Group is an interesting read.Pavan Sachdeva bravely marched ahead with legal cases, despite the fall of MS Shoes in 1994. Notwithstanding, the forfeiture of Rs. 68.68 crores by HUDCO, and negative media publicity planted by GAPL, K. Madhavan Pavan did not lose perseverance.The present book is the story of a brave, intelligent businessman who faced insurmountable odds, but finally won through strength. HUDCO litigation and the underwriters are pending final results, although awards passed in MS Shoes favor in 2012. Yet, it took almost twenty-seven years to see a resolution.