The Supreme Court on Wednesday directed a full-fledged probe into the collusion of Tihar jail officials with Unitech's imprisoned ex-promoters Sanjay and Ajay Chandra, based on Delhi police commissioner Rakesh Asthana's report filed in a sealed cover.
The investigating agency wants to ascertain the actual purpose of the deal.
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.
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 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.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
With the deadline for filing the chargesheet in the 2G spectrum case nearing, the CBI is expected to soon question Dravida Munnetra Kazhagam MP K Kanimozhi and corporate lobbyist Niira Radia, especially on the role played by Radia in clinching a deal between Tata Realty and Unitech.
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.
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
Former Telecom Minister A Raja had "misled" then Prime Minister Manmohan Singh regarding policy of first-come-first-served which was to be followed for allocation of 2G spectrum, Central Bureau of Investigation on Monday told a special court.
The accused had also requested the court to take on record the written answers afresh.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
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 ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
Dravida Munnetra Kazhagam MP Kanimozhi on Thursday sought the dismissal of a Central Bureau of Investigation plea seeking special court's permission to summon some additional witnesses, including Enforcement Directorate Deputy Director Rajeshwar Singh, in the 2G spectrum allocation case.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
Most of the 30-Sensex constituents led by M&M, Adani Ports, BhartiAirtel, Bajaj Auto, Hero MotoCorp, ICICI Bank, Sun Pharma, Cipla, HDFC Ltd, ONGC and Hind Unilever were trading in negative terrain, falling by up to 5.77 per cent.
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.
The CMM was appointed as commissioner to record 84-year-old Ammal's testimony by a Special CBI Court, holding trial in the case, in the wake of the Supreme Court's direction.
DLF says it has started the process of giving possession of housing units at New Town Heights project according to its commitment
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
The Central Bureau of Investigation has informed Supreme Court that it has "so far" not found any criminality in the 14 preliminary enquiries registered on the basis of intercepted conversations of corporate lobbyist Niira Radia.
The court said a 'scam was created when there was none'.
On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
The 50-issue Nifty fell 29.60 points or 0.34 per cent to close at 8,642.55
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Some major property companies based in South India, such as Puravankara and Sobha Developers, are spreading their wings in the high-growth National Capital Region market.
The stock fell by 24.5 per cent to its 52-week low level of Rs 111.25 in opening trade at the BSE.
More than 10% (40 of 498 companies) have lost at least half their market value.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
Can the country afford to have problems of such magnitude in the cities of Gurgaon, Bengaluru, Pune and Hyderabad, which not only are the major growth drivers but are also the biggest revenue contributors in their respective states?
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
DLF has long been embroiled in a controversy over a deal that brought windfall profits to Robert Vadra, son-in-law of United Progressive Alliance Chairperson Sonia Gandhi.
People are not just splurging on clothes, mobiles and household goods through the online route, they are also looking at cars and even houses.
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