Rakesh Wadhawan Alleges Fraud in Suraksha ARC’s ₹1,709 Crore Claim in HDIL Insolvency, Threatens NCLT Action

Suspended HDIL director Rakesh Kumar Wadhawan has strongly opposed the admission of a ₹1,709.69 crore claim by Suraksha Asset Reconstruction Company (ARC) in the company’s insolvency process, calling it unlawful and alleging fraud. In a letter dated June 1 to Resolution Professional (RP) Abhay Manudhane, Wadhawan demanded immediate revocation of the claim and threatened legal…