Adani Wilmar not eligible to bid for Ruchi Soya: Patanjali
Baba Ramdev-led Patanjali Ayurved has raised concerns about Adani Wilmar's eligibility to bid for acquiring bankrupt Ruchi Soya. It has alleged that Pranav Adani, MD of Adani Wilmar, is married into â¹3,700-crore loan fraud-accused Vikram Kothari's family. Notably, bidders for an insolvent firm can't be allowed to offer a resolution plan if bidding firm is "connected" to a stressed-loan corporate.