"Erstwhile GTB (now OBC) has already filed a suit for the recovery of the disputed amount with Debt Recovery Tribunal, Bangalore.
The matter is subjudice and there is no criminality involved in it," a company statement said in New Delhi.
Oriental Bank of Commerce has filed criminal complaints against Shonkh and four other companies with the Central Bureau of Investigation for allegedly defrauding the erstwhile Global Trust Bank; it mentioned financial irregularities running into Rs 172 crore (Rs 1720 million).
The company had not yet received any notification from the authorities concerned, it said, adding "We are a responsible corporate and will fully cooperate with the authorities on the issue."
The statement said the company had taken some financial assistance from GTB, which became a subject matter of dispute.
Apart from Shonkh Technologies, other companies named in OBC's complaint are -- Petro Energy Products Company (Pepco), Pearl Distilleries, Unitel Software and Business India publication.
With regard to Shonkh Technologies, the CBI is probing an alleged misinterpretation and diversion of GTB's funds amounting to Rs 38.49 crore (Rs 384.9 million) for purposes other than for which the loan was taken.
