A division bench comprising Justice P C Ghose and Justice T K Dutta, while setting aside the order of Justice K J Sengupta appointing the four administrators to the estate, directed Lodha not to sell any part of it or spend any amount from it except for its maintenance.
While four weeks time was granted to the BCCI to respond to the implementation of the recommendations, the court had made it clear that there should not be any difficulty in accepting the recommendations.
The BCCI continued to show defiance despite a clear verdict from the Supreme Court and needed a written directive from the Lodha Panel to go ahead with its selection committee meeting, which was delayed by three hours on technical grounds.
Seven people, including two minors, were killed and over 40 injured after a fire swept through a residential building in Mumbai's Goregaon area in the early hours of Friday, a civic official said. Five of the injured are in a critical condition.
The Supreme Court-appointed committee headed by former CJI RM Lodha, who has been assigned to make administrative reforms in BCCI, has sent out a questionnaire containing more than 80 queries under seven sub-heads to office-bearers of the cricket body.
The committee will hold regular meetings with district officials and collect information of registered and unregistered inter-faith and intercaste marriages; on such marriage that took place in places of worship and marriages took place after elopement.
The apex court-appointed Justice Rajendra Mal Lodha committee moved the Supreme Court seeking a direction to appoint former home secretary G K Pillai as an observer to guide' the Board of Control for Cricket in India in the administrative works including award of contracts, transparency norms and holding of future domestic, international and Indian Premier League matches.
In a crucial victory for Birlas in their legal battle against Rajendra S Lodha for control of the M P Birla group, Calcutta High Court on Friday dismissed a petition seeking quashing of criminal proceedings against him and three others.
In a relief to R S Lodha, the Company Law Board on Monday dismissed a petition seeking investigation into who controls M P Birla flagship company Birla Corporation.
Ganguly's current nine-month stint will get an extension if the BCCI dilutes the specific reform on tenure-cap as mandated by the SC-appointed Lodha Committee.
In a move expected to further delay the implementation of Lodha panel reforms, the Board of Control for Cricket in India on Monday decided to form a committee for analysing how 'best and quickly' the principal Supreme Court order can be executed.
'Some of the recommendations, I feel is too much. Let us not take anything away from the BCCI.'
Two ministers who raised the banner of revolt with former deputy chief minister Sachin Pilot during the political crisis also find their names in the list.
Trying to rebuild its tattered image after a spate of controversies, the BCCI is waiting anxiously for the Justice Lodha Committee's report which is set to recommend a host of reforms for the cricket body on Monday. While the three-member committee comprising Justice (Retd) RM Lodha, Justice (Retd) Ashok Bhan and Justice (Retd)RV Raveendran is set to submit their report to the Supreme Court, the BCCI will be keenly watching the proceedings as to whether the Apex Court makes the recommendations binding or not.
India's greatest ever Olympian Sushil Kumar strongly feels that panels similar to one headed by Justice RM Lodha to clean up the Board of Control for Cricket in India mess, is required to bring in more accountability and transparency in functioning of National Sports Federations (NSF).
The Supreme Court on Friday refused to quash the criminal proceedings initiated by an employee of the Birla Group against R S Lodha and three of his associates.
'While taking the decision regarding cricket, the Supreme Court has said that the officials should not be above 70 years of age and they have described these positions as "lucrative" which made me very sad and that's why I don't have any wish to work any more'
The Supreme Court-appointed Lodha Panel, on Thursday, instructed the BCCI to furnish the reports by accounting firm Deloitte on four state units before deciding on disbursal of funds for their players' payments, allowances and other expenditures.
Even as deadline for their crucial meeting with the Justice Lodha panel is approaching, the bigwigs of the Board of Control for Cricket in India are to meet, in Mumbai, on Tuesday to discuss the Supreme Court verdict upholding most of its appointed committee's recommendations for sweeping reforms in the Board.
In a scathing status report, the Committee of Administrators (CoA) has described N Srinivasan and Niranjan Shah as "disqualified office bearers with vested interest", who are trying to stall implementation of Lodha reforms.
In his first media interaction after taking over as the president of the Board of Control for Cricket in India, Anurag Thakur on Sunday made it clear that the BCCI is not running away from implementing the recommendations suggested by the Supreme Court-appointed Justice Lodha Committee, however, he clarified that it is not possible to implement all the changes. He gave reference to the one particular recommendation which says that no advertisements should be shown between overs during a live match on television, which he believes will affect the revenues of the BCCI and in turn affect everyone connected to the Board including the former, current and future players. "If you look at the reports, IPL is the fastest growing league in the world, which in itself is a great achievement for the BCCI. They have worked well, the franchises have contributed. If you look at the other side of it, where do you get the major revenues from? It is from the home series. And your revenue comes from where? It is from the advertisements," Thakur said.
Realty major DLF's chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs 59,030 crore, according to GROHE-HURUN India. With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Mumbai-based Macrotech Developers (Lodha Group) is at the second position. Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs 37,000 crore.
Maharashtra Chief Minister Eknath Shinde on Tuesday expanded his two-member ministry, 41 days after taking oath as the CM.
The net debt of top eight realty firms fell 43 per cent to Rs 23,000 crore last fiscal, from around Rs 40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Real estate consultant Anarock noted that the unfettered demand for housing across the country has enabled the country's leading large and listed developers to reduce their debt. Anarock analysed financial performances of the top eight developers engaged in the development of residential real estate.
The S&P BSE Realty Index has emerged as one of the top-performing sectors, yielding a remarkable 45 per cent return over the past six months. The three leading players, listed by market capitalisation, have substantially enriched investor wealth by 43-70 per cent during this period. If the second quarter (Q2) of 2023-24 (FY24) updates from Macrotech Developers (Lodha) and Sobha, along with industry data for the quarter, serve as any indication, the trend of strong bookings for larger players is expected to continue.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
The only reform that has been adopted was 'handbook for Disabled cricketers' which BCCI has released, which is point No. 8 as per first timeline.
"We were used to seeing that from Dhoni but even those little touches of his where he makes a fielder, a player feel 7 feet tall, are the touches that make him stand out from the other."
It wasn't gold, but black that dominated the red carpet at the Iconic Gold Awards in Mumbai.
The political drama in Rajasthan over leadership change continued on Monday with MLAs loyal to Chief Minister Ashok Gehlot remaining non-committal on holding a meeting with Congress observers, who are likely to return to Delhi to apprise the high command about the developments.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
The stocks of Mumbai-based real estate companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high last month before witnessing a sharp correction.
The Board of Control for Cricket in India president Anurag Thakur is set for a showdown with current International Cricket Council chairman Shashank Manohar during the ICC Board meet in Cape Town, where the richest cricket board will specifically push for a three-point agenda that includes bringing back the 'Big Three' module.
'All of us tend to believe that they are so well paid, why should we bother about their payments.' 'But who all are well paid? Only a handful, maybe 3-4 of them, who go in for endorsements and things.' 'The others are struggling, playing Ranji Trophy and other matches, so that compensation we made it market-oriented.'
Khakee: The Bihar Chapter: The picture is as ugly as it is grim, observes Deepa Gahlot.
The Supreme Court on Tuesday deferred the oath taking of Delhi Electricity Regulatory Commission (DERC) chairperson-designate Justice (retd) Umesh Kumar, while deciding to examine the constitutional validity of a provision of the Centre's recent ordinance governing such an appointment.
'People will teach a lesson to those who are compromising it for the sake of power and money.'
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