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Stories Of India Inc.'s Scared Directors

Late-night interrogations, arrest threats, criminal proceedings for procedural lapses - stories of directorial liability.

<div class="paragraphs"><p>(Photographer: Daniel Acker/ Bloomberg)</p></div>
(Photographer: Daniel Acker/ Bloomberg)
On Nov. 30, 2019, Bundl Technologies Pvt., which operates e-commerce platform Swiggy, had to pay Rs 15 crore at 4 a.m. to the Goods and Services Tax department. Reason: the Hyderabad GST Intelligence Unit threatened to arrest the company’s executive directors for alleged wrongful availment of tax credit. A month later, the directors had to show up at the Director General’s office in response to a summons. They showed up at 11 a.m., w...
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