The ministry of corporate affairs (MCA) has launched a probe into the books of Edelweiss Asset Reconstruction Company (EARC) following allegations by a whistleblower of fund diversion and irregularities. The whistleblower, Paras Kuhad, a former additional solicitor general of India, had written to the Prime Minister's Office and the Reserve Bank of India (RBI). Kuhad has alleged that Edelweiss Group and Caisse de depot et placement du Qubec (CDPQ), a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did not adhere to norms while making investments in EARC's instruments. Sources have indicated that a probe has been initiated, but the MCA did not comment on the issue.
British-Indian millionaire Shrien Dewani, accused of plotting the murder of his Indo-Swedish bride during their honeymoon in Cape Town in 2010, was acquitted as a South African court dismissed the case against him, citing lack of evidence.
'The fact that all the charges against my son are baseless and concocted, in itself, gives me all the hope.'
The Insurance Regulatory Development Authority of India (Irdai), the regulator for insurance companies, is set to allow the insurers to offer wellness programmes along with life insurance policies that can earn reward points for the policyholders. These reward points can be redeemed for getting a discount during renewal. The insurance regulator has circulated draft guidelines to insurance companies for feedback before issuing the final guidelines, as is the norm.
Rana was elected from Maharashtra's Amravati Lok Sabha seat in 2019. She is an Independent MP backed by the NCP.
With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.
'It seems unlikely that a recruit will make a useful contribution as member of a combat unit.'
The CBI had moved the trial court seeking permission for further probe in the matter saying it had come across fresh material and evidence.
In its affidavit filed in October, the investigating agency said that while charges are yet to be framed in 287 cases, 4 FIRs have been quashed by the high court.
The minister, however, henceforth, must make statements against Wankhede or his family only after "reasonable verification of facts," the HC said.
'The way the society functions, I don't know, they are more concerned about animals than humans.'
Amma Makkal Munnetra Kazhagam (AMMK) chief T T V Dinakaran on Wednesday said he tried his best to persuade his aunt V K Sasikala from 'stepping aside' from politics.
The court of Additional Sessions Judge SS Pandey asked the accused to furnish two sureties of Rs 50,000 each and personal bonds of an equal amount. The judge had reserved his orders on the bail applications of Jafar, Darapuri and the other accused on Friday, after hearing the individual pleas as well as the submissions of the government lawyer.
A tribunal consented with the decision of the newly constituted board of the IL&FS and observed that the initiation of bankruptcy proceedings was the best option for the two firms.
From "GoCoronaGo" to "Sampark-o-Meter", the Indian Institute of Science (IISc), Bangalore and four Indian Institutes of Technology (IITs) have developed several mobile applications to aid the fight against coronavirus in the country.
It further said that he cannot live merely on 'past glory' as the trust has been reposed in him for defending the country.
The HC directed the government to file a "complete report detailing the type of medical exam conducted through video conferencing, and all other findings".
An amendment carried out in the over 30-year-old Prevention of Corruption (PC) Act, 1988 in July 2018 bars a police officer from conducting 'any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant' without 'the previous approval' of the authorities.
Despite Sharad Pawar's categorical stand, the Maharashtra government has done nothing to ease the suffering of the Bhima Koregaon 16, who have been denied their basic rights to health and to communication with their families while in jail.
The judge asked the concerned deputy commissioner of police (DCP) to monitor the probe to ensure fair investigation as police have failed to point out what investigation has been carried out so far regarding the involvement of the rival faction.
A bench of Justices Ashok Bhushan and K M Joseph took this decision while hearing an application filed by the Board of Control for Cricket in India (BCCI).
Refusing to discharge a French consular official from the case in which he has been charged with raping his three-and-a-half year old daughter, a court in Bangalore has directed him to face the trial.
The court granted bail to Advani, Joshi and Bharti after they appeared before it.
During the short hearing, Justice Prathibha M Singh took strong objection to an email sent by WhatsApp to the court. "I was in any case not going to hear it," the court clarified and sent the matter to another bench recording that the email sent by WhatsApp should be withdrawn unconditionally.
He also cited media reports that the judge hearing the case has been replaced, and tagged on Twitter the report entitled "Sohrabuddin Sheikh case: Fresh questions as judge who lifted media gag and slammed CBI is replaced".
Asymptomatic positive patients have been included in the list of mild or pre-symptomatic coronavirus infection cases. However, patients suffering from immune-compromised status (like HIV, transplant recipients, cancer therapy) are not eligible for home isolation.
"You cannot just pick Rs 8 lakh out of the thin air and fix it as a criteria. There has to be some basis, some study. Tell us whether any demographic study or data was taken into account in fixing the limit. How do you arrive at this exact figure? Can the Supreme Court strike down the criteria, if no study was undertaken?" the Supreme Court asked.
Politicians and bureaucrats find it very difficult to accept their failure and inability as it is not in their veins, the Delhi high court Wednesday said while expressing concerns over the condition of subordinate judiciary's judicial officers who are at risk of contracting COVID-19 owing to the nature of duties.
The plea was filed by advocate Chaitanya Rohilla who stated that WhatsApp changed its privacy policy in "most arbitrary manner" and had made it compulsory for its users to accept its terms and conditions, failing which the accounts and services would be terminated after February 8, 2021 for the respective user.
This was her second bail application that was rejected by the Kurla metropolitan magistrate's court.
The Delhi high court on Wednesday said it appeared that the Centre wanted people to die as according to the new protocol on use of Remdesivir for Covid-19 treatment, the drug was to be given only to those on oxygen support.
The PMO said providing such information "may be a subjective as well as a cumbersome exercise"
In a relief to some Women Short Service Commission Officers (WSSCO) in the Army, the Supreme Court on Friday directed the Centre to issue orders granting Permanent Commission (PC) to 39 such officers in seven working days and furnish the details of 25 officers with reasons, who were not considered.
His lawyers moved the application, submitting that the clergyman was arrested after a three-day-long interrogation by the probe team.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
It discharged three accused -- Shyam Sahu, Shivnarayan Kalsangra and Praveen Takalki -- from the case.
The activities of the two secretariats over the years have increased many folds which involve manpower planning, judicious and prudent financial management, transfer, postings of senior officials, meeting the grievances of the officials and staff, reveals Rup Narayan Das.
'My father would always tell me not to worry because he was innocent and had to be in jail because of the politics involved.'
CS Anshu Prakash was allegedly assaulted during a meeting at Kejriwal's official residence on February 19 night.
The four accused had applied for bail in February earlier this year. The 2006 Malegaon case comprised of two sets of accused.
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