Former MD refuses to return company car, leading to loan default for Delhi firm
Interworld Digital, a film distribution company located in Delhi, missed a payment on a vehicle loan after its former Managing Director, Man Mohan Gupta, held onto the car purchased for his use. The firm stated that it could not settle the remaining ₹6 lakh due because Gupta would neither hand over the vehicle nor pay off the balance. Furthermore, the company alleged that Gupta moved all of Interworld's operations to different businesses he established.
by shortkt.com✓