Mumbai News: HDILs Rakesh Wadhawan Opposes Suraksha ARCs 1,709 Crore Claim, Threatens NCLT Action Over Alleged Fraud
Rakesh Kumar Wadhawan, the suspended director of Housing Development and Infrastructure Limited (HDIL), has addressed a letter to Abhay Manudhane, the Resolution Professional (RP) appointed in HDIL’s Corporate Insolvency Resolution Process (CIRP), strongly objecting to his decision to admit the claim of Suraksha Asset Reconstruction Company Limited (Suraksha ARC) amounting to Rs 1,709.69 crore.