Mumbai Police have initiated a preliminary inquiry into a complaint filed by entrepreneur Shailendra Mangal Singh, alleging a ₹350 crore fraud against his brother, Harindrapal (Harindra) Mangal Singh, who is the chairman and managing director of Percept Ltd, and 26 others. The complaint names 27 entities and individuals, including directors of Percept Live, Big Tree Entertainment (parent company of BookMyShow), and Spacebound Web Labs, as well as investors and registrars of trademarks and companies.

The core of the complaint revolves around a 2017 family settlement where the two brothers, Shailendra and Harindrapal, agreed to divide their business interests equally, with Shailendra resigning from all company directorships. Shailendra alleges that after his resignation, Harindrapal, in collusion with others, transferred the intellectual property (IP) trademarks of Sunburn, valued by the complainant at approximately ₹600 crore, to Spacebound Web Labs for a mere ₹57,000, without proper valuation or his consent as a shareholder. Shailendra claims he successfully launched Sunburn in 2007, while he was the creative head, joint managing director, and promoter of Percept Ltd.

Harindrapal Mangal Singh has stated that he has not received any summons from the police and declined to comment on the case. BookMyShow has not yet responded to queries regarding the complaint. As of now, no First Information Report (FIR) has been registered, as the matter is still under assessment by the Mumbai Police. The police have initiated a preliminary enquiry and may summon individuals for questioning.

This is not the first time Percept Ltd and its founder-director, Harindrapal Singh, have faced legal scrutiny. Earlier this year, in June 2025, the Economic Offences Wing (EOW) registered a case of cheating and criminal breach of trust against Harindrapal Singh, along with the former chairman of New India Co-operative Bank, Hiren Bhanu, his wife Gauri, the bank's former CEO Abhimayu Bhoan, and others, for allegedly causing a loss of around ₹25 crore to the bank between 2014 and 2023.

The EOW's case alleges that Bhanu and other bank officials sanctioned a loan of ₹77 crore to Percept Group. Police further claim that Bhanu, who was also a director of Hermis group of companies, received approximately ₹6.4 crore from Percept as kickbacks, disguised as legitimate business dealings through fake invoices. When Percept claimed inability to repay the loan, Bhanu allegedly granted a waiver of ₹18.6 crore. This was the second FIR registered against the Bhanus and Bhoan, with a previous case filed in February after RBI officials discovered ₹122 crore cash missing from the cooperative bank.