The Supreme Court on Friday asked Sahara and SEBI to formulate mechanism for securing payment of around Rs 19,000 crore (Rs 190 billion) of investors' money after the Subrata Roy-led group agreed to pledge it's immovable property as security but the market regulator questioned the sale deed and worth of the properties.
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.
'If you talk about any kind of equality, you are under attack.'
With the fresh arrest, all the nine persons named in the FIR have been sent to custody.
Sources in Pakistan's Foreign Ministry said the government also has no plans to back the country's founder Mohammad Ali Jinnah's daughter Dina Wadia's efforts to gain possession of the building. The sources said, "Keeping aside the sentimental value of Muslims of the subcontinent, it is clear that the Jinnah House was the personal property of Quaid-i-Azam (Jinnah) and not of the Pakistan government".
The Enforcement Directorate (ED) had also published in leading dailies the court-issued proclamation against Mallya for appearance before the special PMLA court.
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
By registering the fresh case, ED wants to strengthen its probe against the beleagured liquor baron and expedite a slew of actions it has initiated against him
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
Packed with groundbreaking technology, the Mars 2020 mission launched July 30, 2020, from Cape Canaveral Space Force Station in Florida. The Perseverance rover mission marks an ambitious first step in the effort to collect Mars samples and return them to Earth, according to an official statement.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
The high-profile Lok Sabha member from Gopalganj, brother-in-law of Railway Minister and RJD chief Lalu Prasad Yadav, surrendered before the in-charge Vigilance Judge Munilal Paswan in the case, an off-shoot of the multi-crore flood relief scam.
The RJD suspended Yadav from the party a day after his arrest warrant was issued.
The apex medical body, IMA demanded a comprehensive central law in dealing with violence on doctors and healthcare staff, and in hospitals.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
Somaiya had on Sunday claimed he was barred from entering Kolhapur with the district authorities citing law and order as well as security concerns following his allegations of corruption against Maharashtra Rural Development Minister Hasan Mushrif.
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
It is unlikely Brigadier Raja Rizwan was working for RA&W, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Suspended Indian Administrative Service officer Pradeep Sharma, who took on Narendra Modi over the snoopgate scandal when he was the Gujarat chief minister, was arrested on Tuesday in a corruption case, a day after the Enforcement Directorate attached his properties for alleged money laundering.
A little over a year after the death of Shiv Sena chief Bal Thackeray, his sons Uddhav and Jaidev are locked in a legal row over property worth crores left behind by the party patriarch.
'We have kept him back here as we fear for his life. Only if the atmosphere is conducive, we shall go back to India,' the source asserted.
The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.
An "under offer" sign outside the 10 King Henry's Road townhouse indicates that the sale process is nearly complete.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
'No action will be taken against Ajit Pawar. I am sure.'
The court allowed the group to re-auction certain properties in Ajmer, Firozabad, Vellore, Tiruchirappalli and Ujjain for which the bidding was at a much higher price
Under Section 83 of the CrPC, ED may seek attachment of more of his property.
The stringent Prevention of Money Laundering Act, which was recently amended to remove certain shortcomings, will come into force from July 1.
A local court in Bihar's Saran district on Monday issued a non-bailable arrest warrant against Meena Devi, the absconding principal of the government primary school where 23 children died after eating contaminated food, an official said.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
The changes made in the revised GST draft throw up fresh issues but, overall, most of these look sensible, says T N C Rajagopalan.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
The sector has been going through a slowdown.
Raids in Patna, Muzaffarpur, Begusarai and Motihari, which began around 07:30 am concluded around 02:30 pm
The police alleged that Kaskar and his associates had been threatening a prominent builder in Thane, in Dawood's name since 2013 and extorted Rs 30 lakh and four flats from him.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
