GNPT has been revoked.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
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