Nagpur : The Nag Vidarbha Chamber of Commerce (NVCC), which claims to represent over 1.3 lakh traders across the region, has once again landed in controversy ahead of its Annual General Meeting (AGM). The chamber’s latest balance sheet, reportedly circulated without the necessary signatures, has triggered widespread anger among its members and raised questions about financial irregularities.
For the past few years, the NVCC has frequently been in the spotlight for alleged financial mismanagement. At one point, its entire executive body was dismissed, and a new committee was formed under administrative supervision. Now, the same executive is being accused of deliberately distributing an unsigned balance sheet to members.
Several members have refused to approve the document under such circumstances, making it unlikely that the balance sheet will be passed in the upcoming AGM. “No member will accept an unsigned financial statement. This undermines transparency and accountability,” said one senior member.
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28 Oct 2025
Steering Committee Marginalized
Longtime members allege that the NVCC’s steering committee has been consistently sidelined in decision-making processes. Even former presidents’ opinions are reportedly being ignored, creating friction within the chamber. “If the advice of senior members was valued, these disputes could have been avoided,” remarked a veteran trader, emphasizing the need to restore the chamber’s credibility.
Printer’s Error or Planned Move?
Current office-bearers have dismissed the controversy as a “technical error.” They claim that the balance sheet had been duly signed, but an unsigned copy was mistakenly sent for printing. The blame has reportedly been placed on a clerk. However, members are unconvinced. “It’s hard to believe such a blunder could happen in an institution of this size. It looks more like a cover-up,” said one member.
Internal Power Struggles Intensify
As the chamber celebrates its 80th year, leadership positions have become a matter of contention. Several office-bearers were expected to step down as their terms ended, but internal disagreements have halted the transition. “No one wants to give up their position, and others are desperate to get in,” said a trader, describing the growing tension within the NVCC.
What was meant to be a routine AGM has now turned into a storm of accusations, internal rifts, and demands for greater transparency — casting a shadow over one of the region’s oldest and most influential business organizations.
