What happened to Harshad Mehta's company "GrowMore" and his family after his arrest and death?

What happened to Harshad Mehta's company "GrowMore" after the scam?


After the Scam Harshad Mehta and his family was banned by SEBI from any stock market action/transaction and his company was likewise sealed.


According to scoop-whoop article : After 27 years of legal battle the income tax tribunal at last scrapped nearly the whole tax demand of ₹2.014 crore on late Harshad Mehta, his better half Jyoti, and brother Ashwin in February 2019.


What happened to Harshad Mehta's company "GrowMore" and his family after his arrest and death?


In the same year, his better half Jyoti Mehta additionally won a case against stockbroker Kishore Janani and Federal Bank who clearly owed ₹6 crore to Harshad Mehta since 1992. Jyoti was entitled to receive the whole amount with 18% interest.


Harshad's brother, Ashwin Mehta, sought after a degree in law in his mid-50s and is a bustling lawyer today practicing in Mumbai High Court just as Supreme Court. He battled a few court cases without any help and paid almost ₹1,700 crore to banks to demonstrate his brother's innocence. He was the comprised attorney for Harshad and furthermore a stock broker in his firm.


While the case against Harshad Mehta was lessened not long after his death in 2001, Ashwin was facing the legal conflict until 2018 when he was vindicated by an extraordinary court in a case of tricking the State Bank of India.


(Also Read: The Detailed Story of Harshad Mehta - Earlier Life, Scam and Rest part of life)

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