FIR against Birla Power on payment default

The EoW of Mumbai police has filed the FIR after the company defaulted on repayment of fixed deposits to investors.

January 13, 2014 / 20:22 IST

26 Aug, 2025 12:21

Volume

Todays L/H

The economic offences wing (EoW) of the Mumbai police has filed an FIR against Birla Power, after the company defaulted on repayment of fixed deposits (FDs) to investors.

Birla Power is a Yash Birla group firm.

The company has also defaulted on interest payment to its investors. The EoW filed the FIR on December 31 after it received investor complaints. EoW officials confirm that senior management of the company would be summoned for questioning.

first published: Jan 13, 2014 08:22 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347