Mumbai-based Patni Financial Advisors today filed a winding up petition in the Madras High Court against Pyramid Saimira Theatre Ltd (PSTL) for not repaying a loan of Rs 5 crore. The court asked the company to send a notice to PSTL asking why it should not be wound up.

Patni’s petition has been filed at a time PSTL Managing Director PS Saminathan and a former promoter, Nirmal N Kotecha, have been barred by Sebi from the securities market for alleged securities fraud.

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