Singhania

In his post, Singhania made a mention of “unfortunate developments in the recent past”, and added that there has been a lot of “unsubstantiated rumour mongering and gossip” fanned by what he called as “not so well wishers”.

IOA president P.T Usha thanked senior advocates Harish Salve and Vidushpat Singhania as well as the Krida Legal team for assisting the IOA present its arguments during the hearing.

Raymond Group and Gautam Singhania refrained from commenting on the Nawaz Modi statements.

Singhania further said the company’s subsidiaries — Cavendish and JK Tornel, Mexico — contributed significantly to both improved sales and profitability.

Singhania said they had to allow AAI to compete since they had qualified for the Nationals after participating at the All India Inter Institutional tournament in August last year, much before the communication was sent.