A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines. At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK. While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.
All airports and immigration authorities have been alerted by the CBI this week to prevent him from leaving the country and intimate the agency on any possible move, they said.
'She is worried that the small fry have been caught, soon the big fish too will be caught.'
The former Haryana chief minister is facing a court case over land deals in Manesar.
The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08
Kumar, who is currently the West Bengal CID additional director general, was part of a special investigation team set up by the West Bengal government to investigate the scam before the Supreme Court handed over the case to the CBI in 2014, along with other chit fund cases.
Justice Shalini Phansalkar Joshi, who presides over the special court set up for cases related to the 1992 securities scam, said in her judgment last week that there was no hesitation in holding that that the prosecution had failed to prove the case beyond reasonable doubt.
In the petition, Waheed-ur-Rehman Parra's counsel Shariq Reyaz submitted that his client was investigated for the same offences by the National Investigation Agency (NIA) as well as the Counter Intelligence (Kashmir) wing of Jammu and Kashmir Police separately, which is in violation of laid down norms under the Code of Criminal Procedure.
In a permanent commission, women officers get an opportunity to rise to the rank of Lieutenant General and retire at 60 with full benefits like the men do. Sources say it is given to women on a case-to-case basis.
The division bench said it deemed it appropriate to stay the special court's order and direct that the "accused person shall be treated to be in judicial custody till further orders".
Khan's Pakistan Tehreek-e-Insaf (PTI) won 15 of 20 seats up for grabs in the politically crucial province of Punjab on Sunday, dealing a major blow to Prime Minister Shehbaz Sharif and his 13-party alliance led by the ruling PML-N.
The All India Anna Dravida Munnetra Kazhagam's celebrations on amma's return are peppered with possibilities, probabilities and problems of one kind or the other, says N Sathiya Moorthy
Despite the government's hectic efforts to avoid voting on the no-confidence motion against Khan, the joint Opposition succeeded in its month-long efforts to oust Khan from the prime minister's office as 174 members of the 342-member National Assembly voted against him in the wee hours of Sunday after a day of high drama.
Officials said this is the third notice issued to the NCP leader for deposing before the investigating officer of the case. Deshmukh has been asked to record his statement at the central agency's office in south Mumbai on Monday.
The court was hearing a petition filed by Nestle India.
The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).
Rahul knew this was coming. That 'dirt' would be dug up.
'Not giving the Commission space in Mumbai is an insult to Maharashtra's Dalits who are waiting for the inquiry report.'
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
According to police sources, the arrested included Khasif (aged 30) and Syed Nadim (20), who are residents of Shivamogga, about 250 kms from Bengaluru.
The MHA said all the "glossy statements" about humanitarian work and speaking truth to power are nothing but a "ploy to divert attention" from their activities which were in clear contravention of laid down Indian laws.
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.
From Ranbaxy to Religare, Aashish Aryan takes you through a maze of legal cases involving Malvinder Mohan Singh and his younger brother Shivinder Mohan Singh. Both are in police custody following a complaint of fund siphoning.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
'Many enter the civil services with the desire to do good work but get beaten by the system, step back or become part of it.' 'Ten fantastic officers out of 100 can completely change the game.'
The court directed Tihar authorities to provide Chidambaram with medicines, western toilet, security and separate cell.
Minister of State for Home Nityanand Rai said the legislation was not against any NGO and is an effort to maintain transparency. This amendment is in the interest of good NGOs which want to do good work in the country.
Testifying before a Mumbai court for the second day on Tuesday, Pakistani-American terrorist David Coleman Headley said LeT had planned to attack Indian defence scientists at the Taj Mahal Hotel in Mumbai and that he was asked by Pakistan's ISI to recruit Indian armymen to spy for them.
With the sacking of the grandson, Anees-ul-Islam, and the teacher, Farooq Ahmed Butt, the total number of employees dismissed in the last six months has gone up to 27.
The women receive no funding. When they play matches, the trainers pool money to buy a cheap cup as a prize. But they love what they do, and dream of starting teams all over Somalia.
The nod by the Heritage Conservation Committee came nearly a week after the Supreme Court asked the Centre to seek prior approval from the panel and other relevant authorities before starting construction of the new parliament building.
'Whatever directions will come from the Supreme Court, the Union of India will welcome them'
Kumar sought seven days time, citing personal reasons, to appear before CBI officers in connection with the case.
According to the Centre's legislative business list for the upcoming session, three bills have also been listed to replace three ordinances.
The RTI exemptions cited by the CPIO to deny information relate to intellectual property rights, trade secrets and information in the nature of commercial confidence, fiduciary relationship, threat to life and safety of persons who give information to law enforcement agencies in confidence, impediment to investigation, prosecution or apprehension and privacy of an individual.
Earlier, the Uttar Pradesh government had told the bench that "shocking findings" have emerged in the investigation so far in the case in which Kappan was arrested on his way to Hathras.
Abhishek Banerjee, Trinamool Congress MP and nephew of West Bengal Chief Minister Mamata Banerjee, was questioned for about nine hours by the Enforcement Directorate (ED) in New Delhi on Monday in a money laundering case linked to an alleged coal pilferage scam in the state.
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
The lawsuit accuses Trump of "an unconstitutional and unlawful scheme".
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