Daily BriefsIndia

Daily Brief India: Ganesh Benzoplast and more

In today’s briefing:

  • Promoter Family Feud and Fund Diversion : A Rare Saga of Governance Issue at Ganesh Benzoplast


Promoter Family Feud and Fund Diversion : A Rare Saga of Governance Issue at Ganesh Benzoplast

By Nimish Maheshwari

  • GBL was touted as a turnaround story as few investors have shown faith by infusing the funds for further expansion
  • In a rare instance, one of the promoter member fraudlently took the loan of 45 crores in the name of the company
  • What lies ahead is the case possible fund diversion and promoter family feud

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