Motilal Oswal sues Dhanera diamonds for their 80 crore dues ( Losses arising from negative crude oil settlement )
Dhanera diamonds sues Motilal + MCX and counter-claims for about 56 crore.
@nithin whats your views ?
I was watching CNBC live and motilal oswal representative said that they have to take take 80 crore hit because of crude oil settlement ( in negative zone -2881 ).
But it looks like the figure will will be far higher because this single client needs to have 80 crore -ve ledger now.