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Stories Of India Inc.'s Scared Directors
Late-night interrogations, arrest threats, criminal proceedings for procedural lapses - stories of directorial liability.
15 Dec 2021, 08:09 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>(Photographer: Daniel Acker/ Bloomberg)</p></div>](https://media.assettype.com/bloombergquint%2F2019-06%2F1502861c-79ae-4337-885c-61e9ffeab2ab%2Fm73648.jpg?rect=0%2C0%2C2000%2C1125&auto=format%2Ccompress&w=200)
(Photographer: Daniel Acker/ Bloomberg)
On Nov. 30, 2019, Bundl Technologies Pvt., which operates e-commerce platform Swiggy, had to pay Rs 15 crore at 4 a.m. to the Goods and Services Tax department. Reason: the Hyderabad GST Intelligence Unit threatened to arrest the company’s executive directors for alleged wrongful availment of tax credit. A month later, the directors had to show up at the Director General’s office in response to a summons. They showed up at 11 a.m., w...
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