In a major order that will help financial institutions and banks to recover loans, the Supreme Court has ruled that stop payment of post-dated cheques issued by a person to discharge his debt or liability could amount to a penal offence.
The 1994 judgment envisaged status quo only on the 2.77 acres of disputed area, the Centre pleaded.
The court has directed the CBI to 'go after the trail of Rs17 crore released for the project and find out where it has gone, how it has been spent and who has benefited'.
It has given the government time till September 18 to inform it about the whereabouts of 11 Pakistani prisoners and on the grounds on which they were detained.
The Supreme Court has upheld the conviction by the special court at Mumbai of stock broker Harshad Mehta, who died during the pendency of the appeal in the Apex court.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians has been advanced and will now be held on June 2.
Total amount in these accounts is estimated to be around Rs 1,500-1,600 cr
The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money.
The Enforcement Directorate (ED) on Wednesday issued fresh summons against Goa-based miner Radha Timblo, whose name figured in the black money list submitted by the government in the Supreme Court, and five officials of her company in connection with a money laundering probe against her firm.
Radha Timblo, a Goa-based miner whose name figures in the black money list submitted in the Supreme Court, on Monday said she needs to study the government's affidavit before commenting on the issue.
Arun Jaitley declared proposal for a comprehensive law.
According to the report, 1,195 Indians, nearly double the old list of 628 shared by the French government with India, figure in the HSBC list with a total balance of Rs 25,420 crore.
The Special Investigation Team (SIT) on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes will pool in vital classified information to be shared for seamless investigation.
Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said.
As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley on Monday asked the I-T department to focus its effort on unearthing 'quite large' black money within the country as well.
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
The court on September 3 asked the SIT to submit its fresh report.
The Special Investigation Team (SIT) on black money today rejected an HSBC whistleblower's claim that Indian authorities are not using a "lot of information" on illicit funds, saying he has created a "hue and cry" and not replied to its earlier requests.
The SIT will ask the RBI for transaction details over 15 years
Special Investigation Team on black money will hold a meeting.
The court will monitor the progress of SIT, and it has been asked to report to the court periodically about the status of investigation.
The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.
The case of alleged bribery of Syndicate Bank Chairman-cum-Managing Director S K Jain may come up for discussion in the meeting of Special Investigation Team on black money, as it is a "classic" case of how proceeds of corruption were transferred through hawala channels.
The government has stated that it will make all efforts to bring back illicit wealth parked by its citizens in foreign jurisdictions.
Showing keenness on a general consensus on the issue of stopping forceful religious conversion, BJP President Amit Shah said a bill can be brought in parliament for the purpose if "so called" secular parties extend support.
K V Chowdary, who is set to take over as the new Chief Vigilance Commissioner on Tuesday said he has full respect for both Prashant Bhushan and Ram Jethmalani, who have opposed his appointment to the top post in the country's apex anti-corruption watchdog.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
The injured -- 130 -- cannot go back to work nor do they have homes to return to. Many of them refuse to leave the hospital while some of their relatives sleep in the hospital corridors. Apart from their physical injuries, the trauma of seeing their family members swept away haunts them as does the loss of all their possessions. But the BJP-Sena government remains indifferent to this human crisis.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on June 4.
Promising Central Bureau of Investigation probe into mining, chit fund and other scams in Odisha, Congress on Friday said it would review all MoUs signed by BJD government in the state in last 10 years, provide pucca houses to landless and allowance to unemployed youths if voted to power.
Out of the 192 mining leases of iron and manganese ores in Odisha, 94 do not have environment clearance.
The Central Bureau of Investigation has sought posting of its officers in some of the Indian missions abroad besides cutting down of red-tape involved in sending Letters Rogatory (LR) as measures to expedite cases related to black money.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on Monday.
Investigations against black money holders in Swiss bank accounts, known as the HSBC list, have been put on a fast-track as the CBDT has asked tax sleuths to quickly gather all foreign-based evidences in these cases and render final action by March-end.
Anyone who has specific and definite information on black money can share it with Supreme Court-appointed Special Investigation Team going into the issue that can crack down on those stashing money abroad and at home.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
The Supreme Court on Tuesday said it was more interested in getting the black money stashed abroad back to the country than the disclosure of names of illegal account holders in foreign banks.
The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.
The SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
The Supreme Court appointed Special Investigative Team, which is looking into the black money cases, on Thursday said it will go after the offenders "big or small" but also made it clear that the confidentiality of account holders abroad will not be violated.
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