Lalithaa Jewellery's promoters received SEBI summons, Rs 58.66 crore involved in legal cases: DRHP

New Delhi, Aug 17 (IANS) Lalithaa Jewellery Mart’s Draft Red Herring Prospectus (DRHP) showed that the company, its subsidiaries, promoters, directors and key managerial personnel are involved in certain legal and regulatory proceedings pending before various tribunals, quasi-judicial authorities and appellate forums.

According to the DRHP filed with the Securities and Exchange Board of India (SEBI), the company has disclosed one criminal proceeding and two tax proceedings against its promoters, while the aggregate amount involved in the disclosed proceedings is stated at Rs 586.59 million, or about Rs 58.66 crore.