Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2016
Fixed-deposit default and depositor protests
DSK Group stopped paying fixed-deposit holders in October 2016. Continued missed payments led to protests and legal action by depositors, while the group attributed the problem to the real-estate slowdown.
2016
Allegations concerning deposit authorization and land transactions
RTI activist Vijay Kumbhar alleged that the group’s fixed-deposit scheme lacked Reserve Bank of India sanction and questioned property transactions involving Kulkarni family members and DSK Developers Limited. Kulkarni denied the allegations.
2016
Stalled projects and police complaints
Construction stoppages, buyer complaints, and multiple first information reports followed the payment crisis. Authorities also sought information about possible property transfers.