 "NuPower")
The Ministry of Corporate Affairs (MCA) started an inspection on Friday into the filings made by Nupower Renewables, a company owned by Deepak Kochhar, since its inception in 2008, for violations of the Companies Act, if any.
The MCA’s Mumbai office has sought details of investments made into the company, including by Videocon, and sought valuation reports based on which it received investments from overseas.
The inspection of documents by MCA started after the Central Bureau of Investigation (CBI) started a preliminary enquiry into the company getting a Rs 640-million loan received from Videocon Industries after ICICI Bank extended a Rs 32-billion
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