Mumbai, July 10 -- Thursday is a day of reckoning for Anil Agarwal, the Patna-born self-made billionaire who founded the multinational resources conglomerate Vedanta Group. He will take the stage at Mumbai-listed Vedanta Limited's annual general meeting where investors will ask him tough questions after American short-seller Viceroy Research and disclosed a short position on the group's bonds in a scathing report on Wednesday.

The 87-page report made serious allegations against the Vedanta Group, including financial misconduct and misrepresentation, manipulating asset prices, raising off-balance sheet loans, and corporate governance lapses. The Vedanta Group has denied any wrong-doing, and called report a sensationalisation of publicly a...