letter
The Jeep Credit affair
By S. V. Raju
Swatantra Party Central Office · Bombay 1 · 1963
1 pages
Summary
In this one-page letter dated October 29, 1963, S. V. Raju updates Minoo Masani on the Jeep credit affair. Raju reports that Ramgarh had previously asked for a statement of interest due, but that he had deliberately avoided placing a document in Ramgarh’s hands that could implicate him. Acting on N. Dandekar’s instructions, Raju says he has since maintained silence and had no further communication with Ramgarh or his associates.
The letter states that Sir Homi Mody has received no response to his demand that Ramgarh pay or face the consequences, while the New India Assurance Co. is proceeding to recover its dues. Raju says the matter now appears likely to go to court. He also records the view of Dara Mehta of Little & Co., N. Dandekar, and K. M. Munshi that no further action is available and that a counter-suit by Ramgarh would be foolish; handwritten annotations appear below the typed signature.
Key points
- Raju reports on the status of the Jeep credit affair in a letter to Minoo Masani.
- He says he avoided creating documentary evidence that could implicate Ramgarh.
- Raju states that, following N. Dandekar’s instructions, he has had no further communication with Ramgarh or his associates.
- Sir Homi Mody’s demand for payment has received no reply.
- The New India Assurance Co. is pursuing recovery of its outstanding dues.
- Raju expects the dispute may proceed to court.
- Dara Mehta, N. Dandekar, and K. M. Munshi reportedly opposed any counter-suit by Ramgarh.
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