Sanjeev Gupta, a prominent figure in the steel industry, is currently facing significant challenges as his extensive steel empire teeters on the verge of collapse.
Despite mounting pressure from creditors and ongoing investigations into alleged fraudulent activities, including money laundering, Gupta has managed to retain control of his steel plants over the past three years.
However, concerns about Gupta's business practices have intensified, leading to increased scrutiny from regulatory authorities.
These developments have cast doubt on the future of Gupta's operations and raised questions about the sustainability of his corporate survival amidst the legal and financial pressures he is currently facing.