Shradha Binani, daughter of Braj Bhushan Binani, the promoter of Binani Industries, had moved to the Bombay High Court to challenge the summons issued by the SFIO.
Leading stock exchange BSE will suspend trading in shares of as many as 16 firms, including Manpasand Beverages and Binani Industries, from November 4 for not complying with listing norms pertaining to submission of quarterly financial results, among others.