SEBI finds CG Power funds reached Avantha group promoter entities
CG Power and Industrial Solutions Ltd · Electrical equipment
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
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.
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.
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.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.