Mr. Ramakant Pilani, the main accused is the brother of Mr. Ramesh Pilani, father of Raunak Pilani & uncle of Rishi Pilani (Ramesh Pilani’s son). They are marwari businessmen with a very keen eye on finances. It’s quite likely that this is some kind of a family settlement at the expense of minority shareholders.
If the promoters want us to believe that this is a fraud, then it speaks very poorly of their basic abilities to manage the company & safe guard the interests of minority shareholders.
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