Summary:
However, those agreements lasted less than a year and were terminated in 2017, when the firm’s cement arm filed for insolvency. An official at MRA Marg police station said the transporters’ complaint was received on March 13 and an investigation into their allegations is underway. A group of transporters from Rajasthan has been camping at a hotel in Ballard Estate for over a week, as part of a two-year struggle with industrialist Braj Binani to recover alleged dues amounting to over Rs 100 crore. We have been stuck here in Mumbai for more than 10 days,” said Jain, who is allegedly owed Rs 7.5 crore by BCL. AdvertisingThe transporters have been working with Binani Cements Ltd (BCL) — an arm of Binani Industries Limited (BIL) that merged with Ultratech Cement in October 2018 — for several years..