Kota Bansal Classes, technical partner booked for 'cheating' | punjab | Hindustan Times
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Kota Bansal Classes, technical partner booked for 'cheating'

punjab Updated: Dec 21, 2014 20:53 IST
Gaurav Sagar Bhaskar
Gaurav Sagar Bhaskar
Hindustan Times

Bansal Classes Private Limited (BCPL), Kota, Rajasthan, a coaching institute for IIT and other courses, and their 'technical partner' IODL Education Private Limited, Noida, have been booked for forgery and cheating by the local police after a probe into a complaint by a local resident.

Nitin Gupta of Foundation Academics, Ferozepur, had alleged in his complaint that he had approached BCPL for a franchisee at Ferozepur, through their website and he was asked to contact their office in Kota.

When he met Sameer Bansal and Mahima Bansal of BCPL at Kota, they directed him to meet M/s IODL Education Pvt Ltd, Noida, their 'technical partner', with whom BCPL had an agreement, which clearly stated that BCPL would provide educational content while IODL Education Pvt Ltd, Noida, technological support and knowhow, said Gupta.

So, later, after due discussions, he signed an agreement with IODL Education Pvt Ltd for 2 years ie 2013-14 and 2014-15 after completing all the formalities. A letter of intent was handed over to him after the payment of `1.60 lakh. He also paid the next instalment of `3.25 lakh, claimed Gupta.

He was informed by the IODL that the amount paid by him to IODL would be further divided with BCPL and that the BCPL was in complete knowledge of the agreement, claimed Gupta.

"An agreement was signed between me and IODL Education Pvt LTD, which had various clauses like `minimum development obligation clause`, `software clause`, `hardware configuration clause`, `audio-visual clause` `advertisement clause` and `HRD clause` etc, which required heavy capital expenditure. In total, about `25 lakh was spent on the infrastructure of the institute here by me," said Gupta.

"After final inspection by the IODL officials, we were allowed to make admissions at Ferozepur for one-year and two-year courses of various streams. But, on November 22, 2013, we received a letter from BCPL that they would not continue the arrangement in 2014-2015 session, as they were not paid even a 'single penny' by the IODL Education Pvt Ltd," alleged Gupta.

Their repeated attempts to contact BCPL authorities to resolve the issue remained futile. Meanwhile, IODL Education Pvt Ltd sent a letter, totally contradicting the claims of the BCPL and saying that `2.27 crore had been transferred by them into the accounts of the BCPL.

The termination of the agreement would not only lead to heavy financial loss to them but also harm the interests of students doing the courses, Gupta said.

After a probe, a case under Section 420 of the IPC has been registered against BCPL and IODL Educational Pvt Limited at the city police station and further investigation was yet going on, said Vibhore Sharma, DSP (city) Ferozepur.