Stripped off his powers, Bansal, who is currently a BCCI vice-president has decided to move court.
Bansal has moved court terming that it is an "illegal resolution passed by some of the Executive Members led by Ravinder Manchanda and Chetan Chauhan, whereby the elected President and General Secretary of the DDCA were illegally stripped of their powers in violation of the Company law and also the Memorandum of the DDCA."
DDCA's acting head Chetan Chauhan and his faction had formed a four-member fact-finding committee chaired by Sunil Jain along with Siddharth Verma, Salil Seth and Vinod Garg to look into the alleged misappropriation.
Treasurer Manchanda told reporters,"The report that has been tabled by the Fact Finding Committee of the DDCA has found out that on January 30th, an amount of Rs 53 lakh was transferred through RTGS to Maple Infratech. When we further tracked, it was found that the same money next day was transferred to one Ratan Industries. Now Ratan Industries is Mr Sneh Bansal's own company."