Saturday, April 25, 2026

Kapal Mehra: the man who aimed to be India’s polyester king but ended up with nothing

In 1985, customs, excise and income tax authorities raided the company, alleging under-invoicing of polyester chip imports and tax evasion. Mehra challenged the proceedings in the Bombay High Court, which later pointed to serious procedural flaws in the adjudication.

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