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Showing contexts for: Coersion in Bpl Limited vs Securities & Exchange Board Of India on 20 June, 2002Matching Fragments
80. During all these transactions we were never in touch with the BPL Group. We received instructions only from Shri Harshad Mehta and we treated BPL Bangalore as just one of the entities introduced to us by Damayanti group. It was only during the SEBI investigations that we were introduced to BPL's Shri Rajaram, Shri Balathandayutham and Shri Chauhan at Shri Pramod Katdare's Dadar office on the insistence of Shri Harshad Mehta, that if any SEBI enquiry were to reach us, we should be able to identify each other. We followed the above instructions under economic duress and the coersion of Damayanti group who refused to settle their huge accumulated dues unless we co-operated.