Pune District Administration Pursues Rs 1.77 Crore Default by Softtech Engineers Ltd

Posted under: MSME
Date: 2023-11-01
Pune District Administration Pursues Rs 1.77 Crore Default by Softtech Engineers Ltd

The Pune District Administration took a decisive step on October 17 by initiating recovery proceedings for approximately Rs 1.77 crore through the auction of property against Softtech Engineers Ltd, a Baner Road-based IT services provider company. The company, led by Vijay Gupta, faced this action due to defaulting on payments against an order from the MSME Facilitation Council, MP. The case was registered by Bhopal-based IT service company C-Net Infotech P Ltd, which reported non-payment of dues by Softtech to the council. The MSME Facilitation Council, MP, issued RRC orders on September 27, 2023, for the recovery of Rs 1.55 crore, along with interest accrued until the date of payment, against Softtech Engineers Ltd of Pune. Acting on the RRC orders endorsed by Collector Bhopal, the District Administration Pune issued a recovery notice amounting to Rs 1.77 crore against Softtech Engineers Ltd, providing a seven-day window for compliance.

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