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Allegations made in NCLT petition downright untruthful: Max Group Chairman Analjit Singh

"Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice,” said a statement put on BSE by Max quoting Analjit Singh.

March 28, 2022 / 11:44 AM IST

Max Group founder and Chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful".

Singh has said he will contest these allegations in the NCLT hearing.

"Apart from being downright untruthful, what is even more anguishing is the agenda with which these reports have been encouraged and planted while the matter is sub judice,” said a statement put on BSE by Max quoting Analjit Singh.

According to some media reports, his wife Neelu Analjit Singh has filed a petition before the National Company Law Tribunal alleging "diversion and siphoning off of funds by her husband from a group holding company."