Crisis-hit National Spot Exchange Ltd (NSEL) on Tuesday failed to pay investors any of the Rs 174.72 crore (Rs 1.74 billion) installment due to them, defaulting for the 13th straight time.
Crisis-ridden bourse NSEL defaulted for the 12th straight time today as it could pay only Rs 11 crore to investors against a scheduled payment amount of Rs 174.72 crore (Rs 1.74 billion).
Crisis-ridden bourse NSEL defaulted for the 11th straight time on Tuesday as it could pay only Rs 29 crore to investors against a scheduled payment amount of Rs 174.72 crore.
The Madhya Pradesh Special Police Establishment (also known as Lokayukta) is exempted under Section 24 of the RTI Act as per directions of the state government, it said in a reply to an RTI query.
A bench of Justices Arun Mishra and U U Lalit said, if home buyers are not ready to pay their outstanding amount, then the court will have to bundle up the projects.
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
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.
The court also questioned how Amrapali Group could mortgage the entire projects and secure loan worth thousands of crores of rupees from banks when it was only an agent to develop the property.
Economic Offences wing of Mumbai Police, which is probing the case, told the court that the investigating agency intended to file chargesheet against Shah and others on or before August 4.
Shah is likely to be released later on Friday evening or Saturday after completing the formalities.
They have been booked under IPC sections 323 (punishment for voluntarily causing hurt), 341 (punishment for wrongful restraint) and 34 (acts done by several persons in furtherance of common intention), said a senior police officer.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
Investigation to be over by weekend, Mumbai police EOW to lodge FIR thereafter.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
The Tamil chief minister suffered a heart attack on Sunday evening.
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
I-T dept investigating black money angle; FM hints against bailout for bourse's investors.
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