India made a banana republic by the directors of asian consolidated industries ltd - a bogus one, which cheated the investors blatantly and remaining scot free.
Asian consolidated industries (Acil), incorporated as asian can on
18 jan.'85 and promoted by r c jain and alok jain (Source business standard) merger of trans asia packaging limited with asian consolidated industries limited your directors' have pleasure in informing you that the hon'ble high court of punjab & haryana at chandigarh pronounced its judgment order on 28th july, 1995 for merger/ amalgamation of trans asia packaging ltd. With your company with effect from 1.4.92 as per the scheme of amalgamation/merger. Therefore, in compliance to the order of hon'ble high court, the merged/amalgamated account of trans asia packaging limited with your company as at 31st march, 1995 are placed for adoption.
Though these directors are fly by night operators, no action has been found to be taken against them. All the connected persons to be traced and handled properly Was this information helpful? | 
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