Senior chartered accountants Yezdi H Malegam and Bansi S Mehta suggested an “action plan” – including floating a non-profit Young Indian – to revive The Associated Journals Limited (AJL), Congress leaders Sonia Gandhi and Rahul Gandhi said in a petition filed in Supreme Court on Thursday.
“For the purpose of undertaking the process of revival of AJL, renowned financial experts Bansi S Mehta and Yezdi H Malegam were requested to suggest an action plan. According to the plan, Young Indian was incorporated as a company under Section 25 of the Companies Act, 1956, in November 2010,” the special leave petition said. Business Standard has reviewed a copy of the petition.
According to the action plan, loan…
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