Archive · 22 Jan 2026
I-PAC's Rs 13.5 Crore Loan from Non-Existent Firm
A political consultancy firm called I-PAC said it got a big loan of Rs 13.50 crore from a company in Rohtak.
But when reporters checked, they found out that the company doesn't exist.
Another company with a similar name was closed down in 2018.
The people who owned that old company said they never gave any loan to I-PAC.
I-PAC also said it has paid back Rs 1 crore of the loan, but no one from I-PAC has explained where the money came from or who really gave the loan.
The company that was supposed to give the loan was supposed to be in a building in Rohtak, but no one there knows about it.
The people who used to own the similar-named company said they didn't give any loan to I-PAC.
I-PAC declared a Rs 13.50 crore unsecured loan from a non-existent firm named Ramasetu Infrastructure India (P) Limited.
The lender's address was listed as 3rd Floor, Ashoka Plaza, Delhi Road, Rohtak, Haryana, but no such company operates there.
A similarly named company, Ramsetu Infrastructure India Private Limited, was struck off in August 2018 and its shareholders denied any knowledge of the loan.
I-PAC declared repayment of Rs 1 crore in 2024-25, leaving an outstanding amount of Rs 12.50 crore.
I-PAC's directors and shareholders have remained unchanged since its incorporation in April 2015.
- Who
- Indian Political Action Committee (I-PAC) and a non-existent firm named Ramasetu Infrastructure India (P) Limited
- What
- I-PAC received a Rs 13.50 crore unsecured loan from a non-existent firm
- When
- The loan was declared in December 2021, and repayment was declared in June 2025
- Where
- The lender's address was listed as 3rd Floor, Ashoka Plaza, Delhi Road, Rohtak, Haryana
- Why
- The purpose of the loan and the identity of the lender are unclear
- Loan Amount
- Rs 13.50 crore
- Lender Name
- Ramasetu Infrastructure India (P) Limited
- Lender Address
- 3rd Floor, Ashoka Plaza, Delhi Road, Rohtak, Haryana
- Existing Company Name
- Ramsetu Infrastructure India Private Limited
- Existing Company Status
- Struck off in August 2018
- Repayment Declared
- Rs 1 crore in 2024-25
- Outstanding Amount
- Rs 12.50 crore
- I-PAC Incorporation Date
- April 13, 2015
- I-PAC Registered Office
- Kolkata (since February 2022)
- Company Directors
- Vijendar and Vikram
- Company Incorporation Date
- December 18, 2013
- Company Authorised Share Capital
- Rs 5 lakh
- Company Business Activity
- Real estate activities
Sources
I-PAC said it got Rs 13.5-cr loan from Rohtak firm — company doesn’t exist
I-PAC loan mystery: Rs 13.5 cr credited from company missing from official records
I-PAC Got Rs 13.5 Crore Loan From A Company That Doesn't Exist, Probe On
