SEBI bars 14 entities, fines ₹63 crore for fund diversion in Rana Sugars case
The probe revealed that Rana Sugars Ltd failed to disclose Laxmiji Sugars Mills Company as a related party in FY 2016-17. Further, the firm failed to disclose FTPL, CAPL, JABPL, RJPL and RGSPL as related parties. Inder Pratap, Ranjit, Veer Pratap Singh Rana, were persons in charge of and responsible for the affairs of Rana Sugars.