This case seems very simple as per management commentary …But it might be the case that this 140cr odd deposit was actually cash of promoter only through any of the means say ‘black money’ and they should as a deposit so as to save Income tax on that whole amount. Now when RBI didn’t allow this, they should as a refund to the depositors… without any KYC etc thing
This was the case of sahara also … they created thousands of fake people without KYC … which inturn was black money of many corporates and political people
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