Birla Pacific Medspa Case: Special Court Issues Process Against Yashovardhan Birla, Others Over Alleged IPO Fund Diversion
A special court has issued process against Yashovardhan Birla and others in a Companies Act case filed by the Registrar of Companies. The complaint alleges that Birla Pacific Medspa Limited raised around ₹65.17 crore through an IPO in 2011 and that ₹33.4 crore was allegedly diverted through various entities. The accused must appear by October 13.