After sleeping on it, I'm thinking ki Raizada Sr did perhaps have a roving eye.
Poonam Raizada is elitist, classist and a lot of other -ists but she is also very intelligent. One doesn't run a massive multi-million corporation more or less singlehandedly without some modicum of brains and ability to judge character.
So maybe her paranoia stems from some genuine insecurity and incident(s) in her past when Raizada Sr actually had an affair. Or three.
While what happened to Khushi was very very unfortunate, I think Arnav harbours more guilt than is his due.
He was all of 20/21 and just about trying to figure things out. Even if he did find out about the scholarship being withdrawn in time to stop it, I highly doubt anything he could have said to his mother would have made a difference. And if he didn't find out in time and only heard about it all after it happened and Khushi didn't return to Alchemy, then his intervention would have gained nothing at all.
While we like thinking of Arnav as the Hero with a capital H, in a story as realistic as this one, a 20 year old Arnav's heroism would have been a leetle difficult to swallow and enormously out of character.
The adults in the situation-- Poonam, Anand, Khushi's own parents, the college authorities-- were the ones who really failed a young girl.
If anything, Anand should have intervened when Poonam lashed out at Khushi or after her scholarship was withdrawn. Khushi's parents ought to have put their foot down and insisted that she finish her education-- scholarship or no scholarship. The college authorities should have asked that due process be followed and a legitimate explanation be given for the termination of the scholarship.
However, this being India, none of the above happened and Khushi's life changed course permanently.
I think it says a lot about Arnav and Preeto that they are the ones who consistently feel guilty about what happened, even after all these years, when they were the ones who were only accidental agents leading upto that catastrophe. After Khushi refused, Arnav couldn't have imagined in a million years that she would just show up-- it was just not something Khushi would do. And Preeto couldn't possibly know about why Arnav made up that party invite.
And yet, these two are the ones that are actively trying to help Khushi in whatever way they can. Some out of genuine affection and concern, some out of guilt.
Whereas the then-adults seem to have lost no sleep over it. Anand probably feels a little guilty which is why he asked Arnav to intervene in the Tewari & Sons matter- but that's about it. Poonam still sees Khushi as the enemy. The Guptas refuse to return to Delhi and support her.
It's actually almost a miracle that Arnav, Anjali, Khushi have all turned out the way they have with the kind of dysfunctional families they come from. I guess their childhoods were alright. But their parents clearly won no awards for parenting once they became young adults.
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