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Green Parts International, Inc. (fka GNPT)

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Last Post: 5/9/2021 9:03:06 PM - Followers: 194 - Board type: Free - Posts Today: 0

GNPT has been revoked. After reading document 136 of the bankruptcy case, it really was not a surprise. GNPT failed to pay the Export and Import Bank of the United States according to a previously agreed to plan during the bankruptcy. The Export and Import Bank filed a motion seeking the conversion of the bankruptcy to chapter 7. https://www.docketbird.com/court-documents/Green-Parts-International-Inc/Motion-to-convert-reconvert-case-to-Chapter-7-Motion-to-Compel-Commencement-of-Payments-under-Confirmed-Plan-or-Alternatively-to-Convert-Case-to-Chapter-7-Fee-15-filed-by-Andres-H-Sandoval-on-behalf-of-United-States-of-America-through-its-agency-the-/ganb-1:2019-bk-53617-00136



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Unless the motion to move the bankrupcy to chapter 7 is approved Green Parts International (GNPT) will continue to be a recycler of automobiles and appliances providing raw materials for manufactures in the United States, Korea, India and the Chinese market. By utilizing state of the art recycling equipment the parts (not suitable for reuse) are broken down to their base elements and sold as raw materials to manufacturing companies. These materials include steel, aluminum, and copper. Automotive oils and greases are also recovered and recycled. 

GNPT has been undergoing chapter 11 proceedings since March 2019. These proceedings were expected to conclude with the court's final judgment on March 15, 2021, but the final plan was opposed by several creditors

What led to the bankrupcy? Criminal activity on the part of the owner.

It should be stated now that the company was struggling financially before the bankruptcy. However, the company's issues were compounded when it was discovered that one of the properties (4020 Jonesboro Rd., Forest Park, Georgia) that was used by Green Parts was actually stolen from an old businesswoman who didn't just let it go. The owner, CEO, and etc of the company MOHAMMAD ASIF BALAGAMWALA was arrested, charged, and subsequently convicted 1 count of ID fraud, 1 Count of the Rico Act of Georgia (racketering), 1 count of Theft by Deception, and 1 count of Explotation of an Elder. The case number is 2017CR01503  10 in the Clayton County Georgia Courts. Look it up here. https://weba.co.clayton.ga.us/casinqsvr/htdocs/index.shtml
 

Count - Conviction

CT 1 ID Fraud, 10 YRS, First Offender Plea, Concurrent with Count 2, Special Conditions
CT 2 Rico Act of Georgia (racketering), 20 YRS, 6 MOS SERVE, 19 YRS, 6 MOS, First Offender Plea, Restitution of $100000.00, Special Conditions
Counts 3 and 4 were merged.
CT 4 Theft by Deception and Explotation of an Elder., 1 YRS, First Offender Plea, Concurrent with Count 2, Special Conditions


Here is a video and news report on Balagamwala's dispicable deed from the Atlanta Journal constitution.
https://www.ajc.com/news/crime--law/woman-says-renter-forged-title-sold-property-for/AB50UiawwlSROOrXnbyUAJ/


There used to be a website, but it disappeared sometime between October 2016 and March 2017. However, the Internet Archive crawled it numerous times over the years, so you can take a look at it. http://www.greenparts.com/

 
PostSubject
#30639  Sticky Note Welp, I am out. I dug into that LibertyUguy 04/19/21 12:03:13 PM
#30654   Weird... LibertyUguy 05/09/21 09:03:06 PM
#30653   Docketbird update-INTERESTING! 142. Withdrawal of Document Notice of Withdrawal mugs57 05/07/21 03:04:54 PM
#30652   hey maybe when they get out of BK mugs57 04/30/21 06:50:21 AM
#30651   Gonna exit bankruptcy next month, craziness... floridaboy 04/30/21 05:39:28 AM
#30650   new Docketbird mugs57 04/28/21 07:12:58 AM
#30649   per docketbird -GNPT filed their disbursement reports through mugs57 04/26/21 01:39:58 PM
#30648   ibox updated. I am an archivist, so I LibertyUguy 04/22/21 10:44:00 AM
#30647   Holy cow! I am glad I got out LibertyUguy 04/22/21 10:36:34 AM
#30646   all of my 50 mil shares was with mugs57 04/21/21 06:01:16 PM
#30645   Well... floridaboy 04/21/21 10:26:59 AM
#30644   Dang. Lose a few, tie a few... nsomniyak 04/21/21 10:21:28 AM
#30643   GNPT registration revoked: Renee 04/21/21 09:46:41 AM
#30642   unfortunately revoked by sec MichaelKane 04/21/21 08:58:07 AM
#30641   Revenue generating business, new management and you never know... floridaboy 04/21/21 06:03:51 AM
#30640   Liberty-enjoyed your DD - i still have a mugs57 04/20/21 11:48:44 AM
#30639   Welp, I am out. I dug into that LibertyUguy 04/19/21 12:03:13 PM
#30638   sure hope we don't have to wait until mugs57 04/15/21 07:00:12 AM
#30637   That'd be great, after all this time I floridaboy 04/12/21 05:37:13 AM
#30636   looking forward for some heavy volume so we mugs57 04/07/21 01:38:47 PM
#30635   always good to see players buying lottery tickets mugs57 04/05/21 11:08:12 AM
#30634   Roger that, operational too boot... floridaboy 04/05/21 06:26:54 AM
#30633   Except in this case GNPT actually is a LibertyUguy 04/05/21 12:29:15 AM
#30632   Well said. GR8 Dad 04/04/21 10:18:12 AM
#30631   i agree with you - why the export/import mugs57 04/04/21 09:20:57 AM
#30630   A new date to look forward to? Truly GR8 Dad 04/04/21 09:10:07 AM
#30629   Just lawyers making money... floridaboy 04/02/21 11:03:21 AM
#30628   per the filing on this board the export-import mugs57 04/02/21 10:57:49 AM
#30627   New filing from one of the debtors! sucks! mugs57 04/02/21 07:25:35 AM
#30626   9.2 million shares trading so far-still have buyers mugs57 04/01/21 12:29:14 PM
#30625   anyone have a guess when we hear something-anything mugs57 04/01/21 10:05:22 AM
#30624   Unless some unforseen curveball, shareholders shares are cool. floridaboy 04/01/21 05:38:17 AM
#30623   as long as us shareholders still have valid mugs57 03/31/21 12:10:38 PM
#30622   Something good will come of bankruptcy exit... floridaboy 03/31/21 06:25:16 AM
#30621   i agree with FLA Boy (worth more than mugs57 03/30/21 10:15:19 AM
#30620   Company undervalued here... Exit bankruptcy, new management, filings floridaboy 03/30/21 04:42:23 AM
#30619   barrence-no thanks! i would never buy from someone mugs57 03/29/21 09:27:59 AM
#30618   Getting close @ GNPT... floridaboy 03/29/21 05:05:26 AM
#30617   tried to actually buy some today but both mugs57 03/26/21 11:49:28 AM
#30616   i sent email to the lawyer will see mugs57 03/26/21 08:48:37 AM
#30615   Much appreciated, thanks for posting the info... floridaboy 03/26/21 06:09:20 AM
#30614   Oh, look at that. Two new filings. LibertyUguy 03/25/21 07:03:45 PM
#30613   The last set of court records were published LibertyUguy 03/25/21 03:36:23 PM
#30612   anyone else have an opinion why we are mugs57 03/25/21 07:46:12 AM
#30611   Mystery continues... floridaboy 03/25/21 05:59:45 AM
#30608   I can not imagine that there would be Barrence2021 03/24/21 01:31:59 PM
#30607   wonder if our court case got a gag mugs57 03/24/21 11:05:27 AM
#30606   we need some good news and then let mugs57 03/22/21 10:39:49 AM
#30605   I paid for some other filings on Pacer, floridaboy 03/19/21 05:24:50 PM
#30604   florida- i agree with you. i wonder mugs57 03/19/21 04:45:13 PM
#30603   Ok man, unless something changes, shares are going floridaboy 03/19/21 04:22:07 PM
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