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Cox & Kings Director Gets Bail in Loan Default Case
Hindustan Times Navi Mumbai
|March 10, 2025
The Bombay High Court on Friday granted bail to Ajay Kerkar, director of travel company Cox & Kings Ltd (CKL), in connection with an alleged loan default case of ₹20 crore.
MUMBAI: The court observed that the matter primarily involved a civil dispute rather than a serious criminal offence and questioned the due diligence exercised by the complainant before lending the money.
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