₹5,000-Crore JIL Insolvency Case: Mumbai EOW Probes Sudhir Walia, Others Over Fabricated Board Resolutions, DSC Misuse
Mumbai: The Economic Offences Wing (EOW) of Mumbai Police is probing businessman Sudhir Walia and others over a dispute between the Parekh and Walia families, who had jointly incorporated Suraksha Realty Ltd (SRL) in 2008, after the Parekh group alleged that the Walia group continued to use SRL to pursue the insolvency resolution of Jaiprakash Infratech Ltd (JIL) even after the two families had…
Mumbai police's Economic Offences Wing (EOW) is investigating businessman Sudhir Walia and others for alleged misuse of SRL's board resolutions and misuse of Paresh Parekh's digital signature in connection with the insolvency resolution process of Jaiprakash Infratech Ltd (JIL), reports suggest. The dispute arose after the Parekh family decided to separate their business interests from the Walia group, even though SRL continued to pursue the JIL resolution process on their behalf, according to the complaint.
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