The company has been closed by law of court by the process of liquidation and we found no company operating except a court notice sticker at the office in Hyderabad.
We are so disappointed by the effort of the court of law in India and this made this company to file bankruptcy as the operations are not possible.
I guess the investors of the company has taken an action against the current management. As far as I enquired with the legal authorities the current management is liable for more than a one crore rupee to an investor from Mumbai who is working for ICICI. The management of this company is filed a lawsuit on 3rd March 2013 and the final closing orders are arrived in this month only. The investors had a big clash with the current management and the political intervention happened at ministry level and the current management has to pay more than 1 crore 21 lakh rupee to get out of legal problems.
They have signed a new project from West Bengal and they failed to full-fill the requirement of the client and they may attach a file to current petition by the investors.
As bankruptcy made the investors to do nothing about the recovery but court already seized the premises. Hope the court will save the investors and the current management is facing a severe court enquiries and investors lost more money on funding to a start-up like this. Thank god we got saved before investing with this company.
As per the government of India this company has to close the operations by filing the balance sheet of the year 2012-13. So company status may change from active to defaulter. Was this information helpful? | 
did court taken any action against him????