Bombay Rayon Insolvency Investigations: Rs 483 Crore of Supplier Bills Without Books

Part 2: More than half of everything Bombay Rayon's suppliers claimed in its insolvency could not be matched to the company's own records — Rs 317 crore of it from four tiny trading firms with no mills. The only two claims flagged as related-party belonged to the promoters, and both were paid in fu…