India's housing market has remained resilient this festival season (Dussehra-Diwali period), despite global macroeconomic challenges, tech-sector layoffs, and affordability pressures, with developers reporting 10-25 per cent year-on-year (Y-o-Y) rise in home sales across major cities.
The Central Bureau of Investigation on Friday informed the Delhi high court that its appeal against the acquittal of former telecom minister A Raja and 16 others in the 2G spectrum allocation case was 'ripe for hearing'.
The "CBI's heart beats for the Tatas", 2G scam accused Shahid Usman Balwa alleged in court today, questioning the agency's portrayal of the group as a "victim" of A. Raja's spectrum allocations.
Balwa arrived at the CBI headquarters and was immediately taken before the special team constituted by CBI Director Ranjit Sinha to probe the matter.
Nationalist Congress Party chief and Agriculture Minister Sharad Pawar's claims about not being acquainted with DB Realty and Swan Telecom promoter Shahid Balwa are false, according to a senior Bharatiya Janata Party leader from Maharashtra.
The Central Bureau of Investigation on Tuesday told a Delhi court that it would not oppose the bail plea of Swan Telecom promoter Shahid Usman Balwa in the 2G case keeping in view the Supreme Court and High Court orders granting bail to other co-accused in the case.
DB Reality and Swan Telecom promoter Shahid Usman Balwa was on Friday sent to Tihar Jail by court and remain in under judicial custody till March 3.
The Central Bureau of Investigation on Tuesday night arrested Dynamix Balwas group managing director Shahid Usman Balwa in connection with the 2G spectrum allocation scam.
Balwas e-Com India Ltd forfeited 4,72,400 shares due to non-payment of allotment/call monies.
Khandwala Securities Ltd revised schedule for the open offer to acquire 27.21% stake in Balwas E-com India Ltd at Rs 2.50 per share. Offer will now open on February 18 and close on March 19.
The Delhi high court will pronounce its verdict on Friday on whether to admit the Central Bureau of Investigation's (CBI) appeal challenging the acquittal of former telecom minister A Raja, firms and others in the 2G spectrum allocation 'scam' case.
A Delhi court on Tuesday dismissed the bail pleas of Swan Telecom promoter Shahid Usman Balwa, his cousin Asif Balwa and their associate Rajeev Agarwal in the 2G spectrum allocation case.
Former Telecom Minister A Raja was sent to CBI remand for three more days by a Delhi court which also extended the custody of Swan telecom promoter Shahid Usman Balwa for four days in the 2G spectrum case after the CBI said it wanted to confront them on the money trail.
Asif Balwa, a cousin of 2G spectrum case accused Shahid Balwa, and Rajeev B Agarwal, arrested for their alleged role in the scam, were on Wednesday remanded in Central Bureau of Investigation custody till April 1 by a Delhi court.
The Central Bureau of Investigation on Wednesday summoned 2G scam accused Shahid Balwa for questioning with regards to audio recordings of purported conversation between its prosecutor A K Singh and another accused Unitech Managing Director Sanjay Chandra on the case
Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, accused in the 2G case, were today granted three days exemption from personal appearance by a Delhi court as they have to consult lawyers in Mumbai for a cheating case filed against them by foreign partner Etisalat.
Minutes after the Supreme Court dismissed the bail plea of Dravida Munnetra Kazhagam member of Parliament Kanimozhi, an accused in 2G scam case, the three other accused, including Swan Telecom promoter Shahid Usman Balwa, withdrew their pleas for similar relief from the Delhi high court.
The accused had also requested the court to take on record the written answers afresh.
The Central Bureau of Investigation was on Wednesday allowed two days transit remand of Swan Telecom promoter Shahid Usman Balwa by a Mumbai court to take him to Delhi and confront him with former Telecom Minister A Raja, who is also in the agency's custody in connection with the 2G spectrum case.
The Maharashtra Bharatiya Janata Party on Wednesday requested President Pratibha Patil not to visit the plant of Schreiber Dynamix Dairies Ltd in Baramati on June 9.
Continuing his explosive tirade against the Bharatiya Janata Party, NRI businessman Anshuman Mishra on Saturday made several allegations about top leaders of the saffron party, during an interview with STAR News.
He denies that he plotted with former Telecom Minister A Raja and others to pocket 2G spectrum licence.
Admitting the Central Bureau of Investigation appeal, the high court said there are "some contradictions" in the trial court's judgment which require "deeper examination".
The city government and Tihar jail authorities on Friday told the Delhi high court that Asif Balwa, an accused in the 2G spectrum case, cannot be allowed to use an iPad in jail. "It is not possible to ensure that the iPad will not be used as a communication device. Removal of some features from it does not ensure that other applications are rendered unusable," the Delhi government told justice S Muralidhar.
The Central Bureau of Investigation (CBI) began making submissions on Monday on its appeal before the Delhi high court challenging the acquittal of accused persons, including former telecom minister A Raja, and firms in the 2G spectrum allocation scam case in December 2017.
Justice Dinesh Kumar Sharma said the parties shall file brief written submissions not exceeding five pages.
The CBI contended before the Delhi high court on Tuesday that there were glaring illegalities in the trial court judgment that acquitted former telecom minister A Raja and others in the 2G spectrum allocation scam case.
The Nationalist Congress Party leader did not name Borwankar, but said some allegations had been levelled against him by "a retired IPS officer who had served in Pune as commissioner of police."
The high court's order came on a plea by acquitted individual and Kusegaon Fruits and Vegetables Pvt Ltd director Asif Balwa that the CBI has not placed on record the mandatory authority under the provisions of the CrPC.
Balwa, who is accused along with 16 others in the case, claimed that he cannot be prosecuted for pushing back Tata in the race as the firm was never in the race to get the 2G spectrum licence
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.
The Delhi high court on Tuesday refused to grant early hearing on the Central Bureau of Investigation's appeal challenging the acquittal of former Union telecom minister A Raja and others in the 2G spectrum allocation scam case.
The ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
The matter was mentioned before a bench of Delhi high court's acting chief justice Gita Mittal and kustice C Hari Shankar by Additional Solicitor General Tushar Mehta. The court allowed it to be listed for hearing on Wednesday.
High court orders Swan Telecom's promoter Shahid Balwa, the director of Kusegaon Fruits and Vegetables, Rajeev Agarwal, and three firms, namely Dynamic Realty, DB Realty, and Nihar Constructions to plant 3,000 trees each in the Delhi's South Ridge forest area.
Swan Telecom promoter Shahid Usman Balwa and Director of Kusegaon Fruits and Vegetables Asif Balwa, facing trial in the 2G scam case, were today given a week's exemption from attending court to facilitate their holy month of Ramdan.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
A special court on Friday framed charges against former telecom minister Andimuthu Raja, Dravida Munnetra Kazhagam MP Kanimozhi and others under section 120-B (criminal conspiracy) of IPC and under provisions of Prevention of Money Laundering Act in the 2G spectrum scam related to money laundering.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
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