Prompt measures and legal actions taken by the Indian government and PNB helped in securing the extradition of diamantaire Nirav Modi by the UK on Friday, a senior official said. UK Home Secretary Priti Patel on Friday signed off on the order to extradite Nirav Modi, wanted in India on fraud and money laundering charges related to the estimated USD 2-billion Punjab National Bank (PNB) scam case. According to the government official, a scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space from the crisis and litigation.
During an over three-hour hearing on the matter relating to oxygen crisis and shortage of medicines to treat COVID-19 patients in the national capital, the court observed that the "problem lies with the Delhi government" and directed nodal officer Udit Prakash to ensure supply of oxygen by cylinders to hospitals and nursing homes "without fail".
The court directed him neither to leave the country without permission nor change his address and mobile number during the bail period.
Metropolitan Magistrate Akash Jain took cognisance of the complaint and fixed the matter for recording of pre-summoning evidence on August 28.
Taking on his own party's government, Punjab Congress chief Navjot Singh Sidhu on Sunday asked people whether they were getting cable TV connection and sand at the cheap rates announced recently.
The Delhi high court on Thursday set aside the look out circular issued against Greenpeace activist Priya Pillai, who was offloaded from a flight to London two months back, saying her fundamental right to travel cannot be curtailed.
The relaxation came amid indications that the number of new COVID-19 cases in Mumbai is more or less stabilising since the last few days.
Embattled retailer Future Retail Ltd (FRL) on Tuesday moved the Supreme Court to avert insolvency proceedings over missing a loan repayment deadline, even as its independent directors rejected an Amazon-supported offer to sell the company businesses at less than a third of what Mukesh Ambani's Reliance is offering. India's second-largest retailer, which operates multi-brand retail chains such as Big Bazaar, Easyday and Heritage, failed to pay Rs 3,494.56 crore to lenders by the due date of December-end and sought a 30-day grace period to resolve the situation. Unable to find money, it moved the apex court seeking to restrain its lenders from declaring the company a defaulter, which can invite initiation of insolvency proceedings.
Currently, there is no regulation or any ban on the use of cryptocurrencies in the country.
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
'There are around 80 to 100 elephants in zoos around the country.' 'We should not keep them in captivity for our entertainment.'
Kiran Gosavi, an 'independent witness' of the Narcotics Control Bureau (NCB) in the drugs-on-cruise case who is absconding, on Monday refuted the extortion claims made by his aide and another witness in the case, Prabhakar Sail, and said he will surrender shortly before the Lucknow police.
'If more than 60 commissioner-level tax officials were compulsorily retired in the span of a few months, surely the malaise is far deeper,' notes A K Bhattacharya.
Prabhakar Sail, an independent witness in the cruise drugs seizure case, on Sunday claimed that a Narcotics Control Bureau officer and some other persons demanded Rs 25 crore from Bollywood superstar Shah Rukh Khan to release his son Aryan Khan in the case.
The petition sought setting aside speaker's June 14 circular showing the name of Paras as leader of Jan Lokshakti Party in the Lok Sabha.
Delhi Police on Monday announced a reward of Rs 1 lakh for information leading to the arrest of two-time Olympic medallist Sushil Kumar and nine others in connection with the murder of former junior national wrestling champion Sagar Rana earlier this month.
"Don't mess up with the education system", the Supreme Court said on Thursday while refusing to direct the Central Board of Secondary Education and the Council for the Indian School Certificate Examinations to provide option of hybrid mode, instead of only offline mode, to the students for appearing in class 10 and 12 board examinations amid the COVID-19 pandemic.
The federal probe agency wants to question and record Ayyub's statement in a money laundering case against her.
A creche facility for the children of judicial officers and staff at the Rohini district court complex in New Delhi has run into controversy for issuing a fiat that the kids of non-judicial members would be allowed only if they were "neat and clean" and "free from disease".
A large part of the work that CEO Sumit Gupta does is focused on educating users and the larger community about investing in cryptocurrencies, reports Neha Alawadhi.
Court order follows submission of govt lawyers that Serious Fraud Investigation Office was probing a case of misappropriation of fund by Jet Airways and Goyal.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
The Supreme Court on Wednesday said the Centre should implement "as soon as possible" the interest waiver on loans of up to Rs 2 crore under the RBI's moratorium scheme in view of the Covid-19 pandemic, saying the common man's Diwali is in the government's hands.
Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end.
On Tuesday, the Congress had approached the EC against NOTA in RS polls.
The Duke of Edinburgh will no longer carry out public engagements from September.
The 36-year-old actor was stopped by the immigration authorities at the Mumbai airport on the basis of a Look Out Circular (LoC) issued by the federal probe agency, they said.
Issuing the fresh SoP, the apex court said for the first time in the Registry, '1881' helpline number will remain functional from 10 am to 5 pm under supervision of senior officers to provide instant solutions to query of advocate and litigants about e-filing and other issues relating to judicial functions.
Rashtriya Janata Dal chief Lalu Prasad will appeal in the Jharkhand high court against his conviction in a fodder scam case, his family said on Monday and alleged he had fallen victim to a 'conspiracy' by his rivals.
The Supreme Court has refused to interfere with the government and RBI's loan moratorium policy, and declined to extend the six-month loan moratorium period.
'I suspect the recovery that the banks are going to get out of this IBC is not going to be more than 30 per cent.' 'If you leave the steel industry aside, the recovery rates are not looking very, very healthy,' Jairam Ramesh tells the Rajya Sabha.
The Madras high court on Monday came down hard on the Election Commission and called it the "the most irresponsible institution" for the alleged spread of the second wave of Covid-19 in the country.
The RBI now brings in important and contentious changes directly through voluminous Master Directions, or Master Circulars
Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans. Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit companies with a consortium of banks and lenders and was to discharge "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. Kishore Biyani-led Future group firm would be "co-operating for completing the monetisation of the specified business within next 30 days" as per directions of the banks to resolve the current situation, said a regulatory filing by Future Retail.
The decision to prohibit people, who were yet to receive both doses of COVID-19 vaccine, from using public transport in the state had been taken to ensure those unvaccinated do not endanger the lives of others, it said.
Karnataka Agriculture Minister B C Patil on Tuesday courted controversy after taking COVID-19 vaccine at his home instead of going to designated hospital, drawing criticism from Health Minister K Sudhakar and others.
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud allowed Karti to be accompanied by a lawyer at the CBI headquarters during the questioning.
A day after she was stopped from flying abroad, the Enforcement Directorate (ED) summoned actor Jacqueline Fernandez to appear before it for questioning in a money laundering investigation against alleged conman Sukesh Chandrashekhar and others, officials said on Monday.
In the wake of heightened threat perception, the Supreme Court has curtailed the entry of visitors including law interns in the high security complex and requested advocates to be extra-cautious of any suspicious activity within its premises.
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