This statement sets out concerns regarding the company's financial management, outstanding payments, shareholder matters, and commitments made to students. It reflects the account of an individual involved in the business. Disputed allegations are presented as allegations, not established findings.
Approximately ₹5–6 lakh was contributed towards establishing and operating the business, according to the account provided. These funds were arranged through personal borrowing and loans and used for company expenses.
Three loans also remain in the contributing individual's name. It is alleged that these loans were taken for Danish, who has not provided the money required for repayment. A written resolution of the outstanding balances and repayment responsibilities is being sought.
According to the shareholding information provided, one other individual holds 37.5% equity in the company, and another holds 10% equity.
These individuals report that they have not received the amounts they believe are due to them and have not been given an adequate explanation or financial settlement. Their concerns require examination of the company's accounts, shareholding records, and relevant agreements to establish what is payable.
There are reported outstanding payments to people who worked for the company, including a performance marketer, a developer, and trainers.
These concerns relate to compensation for work reportedly completed. A full reconciliation is being requested, identifying the amounts agreed, payments already made, remaining balances, and dates by which verified outstanding amounts will be paid.
It is alleged that company-related funds have been transferred into personal accounts without adequate explanations being provided to the other individuals involved in the business.
The person raising these concerns states that they hold payment screenshots and records relating to transactions and outstanding balances. These materials should be assessed alongside bank statements, accounting entries, and any relevant authorisations to establish the purpose and treatment of each transfer.
A complete account of these transactions is being requested, including who received the funds, why the transfers were made, and how they were recorded in the company's books.
Students are reported to face recurring problems with the company's services and the handling of their concerns.
It is alleged that the company continues to make promises that are not being fulfilled. These concerns should be examined against the specific representations made to students, their enrolment terms, payment records, and the services actually delivered.
The company is being asked to address documented student complaints and provide clear resolutions wherever commitments remain unmet.
Concerns have also been raised about the absence of a clear organisational structure, inconsistent decision-making, and decisions allegedly being taken without transparent procedures.
There are further allegations of inappropriate treatment and the removal of people from their roles or involvement in the business without adequate explanation. The person raising these concerns states that they hold supporting screenshots and related records. Each incident should be assessed on its own evidence.
Additional company compliance obligations are reported to remain incomplete. The specific requirements, relevant periods, and current status need to be identified and verified.
According to the information provided, GST payments have remained outstanding since January, and the company's GST registration is suspended. The relevant year, outstanding amount, and current status require confirmation from official records.
A related FIR is also reported to exist, and the person raising these concerns states that they hold a copy. The existence of an FIR does not establish guilt; any disputed allegations remain subject to investigation and applicable legal proceedings.
The following actions are being sought to address the unresolved financial and operational concerns:
The purpose of this statement is to seek transparency, accountability, and a documented resolution.
Danish and the company are invited to respond to these concerns with relevant records and explanations.
Any factual error demonstrated by reliable evidence will be corrected.