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IDG Ventures Appoints Sudhir Sethi As India Head
Wed, 09/13/2006 - 02:46 — Sahad P VIDG Ventures, which recently set up a $150-million venture fund for India, has appointed Sudhir Sethi as it Managing General Partner. Manik Arora is a General Partner, T C Meenakshisundaram is the CFO and Hemir Doshi is the Investment Advisor. The fund, based out of Bangalore, will also have advisors like Prof Jagdeesh Seth, KB Chandrasekhar (Exodus), and Arjun Malhotra (Techspan).
IDG Ventures will invest anywhere between $0.5 million to $10 million in tech, software, and digital media ventures across all life stages of a company. IDG globally manages $1-4 billion in assets out of offices in the US, China, Vietnam, and now India.
I read this public notice - came as a shocker!
State Bank of India
Stressed Assets Management Branch B-Block
11, Sansad Marg, New Delhi -01 Ph: 011 23374403
PUBLIC NOTICE
This is for the information of the General Public that Mr. Arun Malhotra, a non resident Indian, Residing At: 143, Golf Links, New Delhi-11003
Also at: CEO, Techspan India Ltd., A-35, Sector-16, Noida (U.P)
Also at: 935, Benacia Avenue, Sunny Vale California, USA, guaranteed due repayment to us of the outstanding balance of the credit facilities availed of by M/s ALTOS (INDIA) Ltd., (In liquidation) a company having its Registered office at Agarsen Chowk, Narnaul, Diss. Mahendergarh (Haryana). The said guarantor is in default. We have filed recovery application being O.A. No. 419 OF 1998 for the recovery of Rs. 42,83,11,137.82 together with Pendetelite and future interest, in the Debts Recovery Tribunal-II, Delhi, which is pending for disposal.
All persons / Company (s) dealing with him or with the company (s) in which the said guarantor has interest should exercise due caution in their own interest.
Sd/- Dy. General Manager