Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
Reopened criminal and civil proceedings
After an earlier closure report had been accepted, the case was reopened and additional civil and criminal proceedings were pursued. A Delhi court also issued a non-bailable warrant against Pavan Sachdeva in a repayment-related matter.
1995
Share-price manipulation allegations and market collapse
MS Shoes became the focus of allegations that its share price had been manipulated. The subsequent collapse caused major losses and contributed to a three-day closure of the Bombay Stock Exchange.
1995
CBI investigation into company and institutional conduct
The CBI investigated alleged violations involving MS Shoes and examined whether senior officials associated with SEBI and SBI Capital Markets should face charges.