KUBR

SEBI finds CG Power funds reached Avantha group promoter entities

CG Power and Industrial Solutions Ltd · Electrical equipment

Related-party diversionConcealed debtGovernance failure

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Ownership / related-party links

    Would have linked receivable counterparties to Avantha.

    Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.

    2

    Third-party confirmation

    Would have confirmed bank liabilities directly with lenders.

    Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.

    3

    Collateral & double pledge

    Would have found company deposits backing promoter group loans.

    Can mislead when: Pledges made off the registries stay invisible, and vague invoice descriptions are hard to match.

    Where Kubr services would have helped

    Verified Snapshot

    Offered in India
    • C3 Would have linked receivable counterparties to Avantha.
    • C13 Would have found company deposits backing promoter group loans.

    Legal diligence support

    Offered in India
    • C3 Would have linked receivable counterparties to Avantha.
    • C13 Would have found company deposits backing promoter group loans.

    Rating history

    Offered in India
    • C3 Would have linked receivable counterparties to Avantha.
    • C13 Would have found company deposits backing promoter group loans.

    Portfolio monitor

    Offered in India
    • C3 Would have linked receivable counterparties to Avantha.
    • C13 Would have found company deposits backing promoter group loans.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.