MUMBAI, Nov. 20 -- The Economic Offences Wing (EOW) on the complaint from the former managing director of Provogue India Pvt Ltd, has registered a case against a resolution professional (RP), Provogue's former director, a few former employees and some clients (debtors). The complainant has alleged that he was cheated of Rs.90 crore. "Nikhil Chaturvedi, 55, who registered the complaint, was Provogue's director and even a guarantor to the bank loans taken by the company," said a police officer. "He was also the major shareholder till the company went into liquidation. It was purchased by Plutus Investments and Holding Private Limited in the liquidation e-auction." In 2014, there was a fire in Provogue's Daman manufacturing unit, and its bank loan account had become a Non-Performing Asset. As per the Insolvency and Bankruptcy Code, 2016, the bank initiated proceedings against the company with the National Company Law Tribunal (NCLT), and Amit Gupta was appointed as the RP. After the NCLT process was completed in 2023, Provogue was sold. Chaturvedi continued to track its affairs even after it went into liquidation. He found that from 2018-2019 and 2022-2023, despite Rs.32 crore remaining unpaid by some export clients, "suspicious" new export transactions were carried out. The complainant alleged that Gupta was constantly in touch with former company employee Sameer Khandelwal, while Khandelwal was in touch with former director Rakesh Rawat. The worth of Provogue India Ltd's subsidiary, Elite Team Hong Kong, as per its 2017 balance sheet, was Rs.54.7 crore and it also owned two immovable properties in Hong Kong. These assets, alleged the complainant, were concealed by the clique, and in 2025, the RP sold one of them to Arpit Khandelwal for "crores of rupees". The RP is charged with delaying the auction so that the company value fell. He did not carry out the valuation properly nor kept its documents, said the complaint....