Raj Travels owner commits suicide

Raj Travels' owner Lalit Sheth on Wednesday allegedly committed suicide by jumping off the Bandra Worli Sea Link bridge in central Mumbai, police said. According to police, Sheth asked his driver to stop the car on the bridge and told him to drive the vehicle ahead slowly, saying he would like to take a walk on the bridge.  Reportedly, Seth had a debt of around Rs 5 crore which he had to pay to SBI. Police sources also said that when Sheth failed to pay dues of another other two banks—HDFC Bank and ICICI Bank, an official liquidator was appointed.
Seth also faced arbitration proceedings with respect to complaints filed by Tata Motors and Tata Finance involving Rs 2 crore and surrender of seven vehicles from Raj Travels. Tatas had moved a petition in the high court demanding his arrest in this concern, which the court could have looked into it this month. Lalit Sheth allegedly committed suicide by jumping off the Bandra Worli Sea Link bridge in central Mumbai on Wednesday. "56-year-old Sheth, who owns Raj Travels, jumped from the sea link bridge this afternoon, leaving a suicide note," Deputy Police Commissioner Dhananjay Kulkarni told reporters.