GVK group s GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks knowledge.
Vijaypat Singhania, 83, former chairperson of the Raymond Group, is embroiled in a legal battle with his estranged son Gautam Singhania and the Raymond Company over the release of the book.
The Bombay High Court today restrained sale, circulation and distribution of aviator-industrialist Vijaypat Singhania's autobiography titled 'An Incomplete Life'.