The KSIC purchased the sarees in 1996 but rejected them later claiming they were not as per required quality. Over two decades of legal battle later, the High Court ordered the company to pay up.

Trump posted the KSIC-backed bond soon after. If he loses the fraud case on appeal, he will still be on the hook for the full payment, even though he only has to pay part of it now to secure the bond.

Karnataka Silk Industries Corporation (KSIC), which celebrated its centennial recently, will have its second integrated silk weaving unit by July-end. The new unit, which will be set up at a cost ...

According to a court filing, KSIC’s surplus of $138 million is less than the reduced bond amount of $175 million, which according to an op-ed written by Ellie Quinlan Houghtaling for The New ...

The additional documents suggest KSIC held total assets of $539m at the end of 2023 and $13m in surplus to policyholders while its parent company’s total assets stood at $2.2bn with $1m in surplus.