Analjit Singh, founder and chairman of Max Group, in a petition to the NCLT on Monday denied the allegations leveled against him and said that they were “stuck in false facts and misrepresentation”.
The statement came after media reports said that Analjit’s wife Neelu Analjit Singh has claimed that funds have been “diversion and siphoning” by her husband from a group holding company.
“Apart from being absolutely untrue, what is even more troubling is the agenda with which these reports have been encouraged and the matter is under consideration,” Analjit Singh said in a statement on Monday.
In a petition filed before the National Company Law Tribunal (NCLT), Analjit’s wife has sought a direction to investigate the affairs of Max Ventures Investment Holdings Pvt Ltd and declare Analjit Singh as “unfit” as a director and shareholder of the company. has demanded.
In the statement, Analjit, how he holds majority stake in the holding company, said, “Though these allegations are based on false facts and misrepresentation, we will fight these allegations in the NCLT hearing.”
He said that over the past 40 years, Max Group has set exemplary corporate governance records, contributing to significant wealth creation for all shareholders and will continue to do so.
Neelu Analjit Singh holds 24.1 per cent stake in Max Ventures and Investment Holding Pvt Ltd, an unlisted promoter entity which has stake in listed entities Max Financial Services, Max India and Max Ventures and Industries Ltd.
read all breaking news , today’s fresh news And IPL 2022 Live Updates Here.