The court's ruling came following a complaint lodged by Manmohandas Mundada and Sunil Bansal, stating that Kumar had borrowed Rs. 50 lakhs from Mundada and paid the amount through a cheque that was not honoured. While in a separate case, another cheque, worth Rs. 10 lakhs that was given to Sunil Bansal too was not honoured.
Apparently, according the latest ruling, Kumar had to give Bansal Rs. 10 lakhs but with the added interest, the court has asked him to pay Rs. 17 lakhs. Furthermore, he has to pay Rs 46 lakhs interest to Mundada, which means he has to shell out Rs. 96 lakhs to Mundada.
If the already unthinkable amount wasn't enough, Kumar also owes various banks and private individuals a significant amount of money.
However, Mehul Kumar rubbished the allegations against him saying that it is all just a conspiracy against him.