Sharing the list of objections, an official who did not wish to be quoted, said the bill was returned on Wednesday highlighting the mismatch between the Hindi and English versions of the Bill and the need to reconsider the definition of 'mob.'
Official sources said while about 285 property were attached by the ED through an order in August, the agency is now probing the financial trail of many other properties which have been linked to Raju, his relatives and others.
The iconic Taj Mahal Palace and Tower hotel of the company in south Mumbai does not have any guests at present and only minimal staff are present to ensure upkeep of the property.
The top court said there are serious infirmities in the oral accounts of Nirmohi witnesses that the disputed structure was not a mosque but the Janmabhoomi temple.
Finance Minister Nirmala Sitharaman has rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people in a brazen manner".
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
ED had attached properties in the states of West Bengal, Assam and Odhisha.
This is the new addition to the tax data, which had identified over 600,000 people for scrutiny over huge inconsistencies in the cash deposits
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The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
The Chief Justice said that some people play with the dignity of the court and there were some lawyers who are disrespectful towards the court.
Gulab Singh Shaheen in a video said that on Tuesday he was evicted by the Evacuee Trust Property Board, the parent body of Sikh Gurudwara Prabandhak Committee from his home in Lahore's Dera Chahal village, which is situated about 28 kilometres from Lahore.
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
The draft law also allows courts to send summonses and warrants to the accused through a specially designated website to be hosted by the Ministry of External Affairs.
The Supreme Court on Tuesday vacated the stay on trial proceedings against Tamil Nadu Chief Minister J Jayalalithaa in a disproportionate assets case.
Corrupt bureaucrats in Jammu and Kashmir have more bad news coming their way -- they may lose their pension too besides property acquired through ill-gotten money.
Gul is the sixth individual to have been designated as a terrorist by the Centre in the last fortnight.
The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
On November 26 last year, the Allahabad High Court had rejected the bail pleas of Azam Khan and his son after which they moved the top court.
A day after NCP leader Samir Bhujbal was arrested by the ED, party chief Sharad Pawar said he has not seen such "blatant misuse of power" in last 40 years.
A quick computation puts the following value to the seizures.
Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.
While the fixtures from the bungalow will be up for auction, three items, a jacuzzi, a chandelier, and a Buddha statue, have been kept aside for handing over to the ED.
Vadra, on Facebook termed as "witch hunt" the Enforcement Directorate's action of attaching assets of a firm linked to him, and claimed that it showed "complete misuse of assertion of power".
Vadra was asked to join the investigation at the tax authority's office but as he cited COVID-19 restrictions, a team of officials visited his premises in Delhi's Sukhdev Vihar area.
Not being able to control outcomes and manage our own expectations leads to stress and anxiety which further leads to sadness and disappointment and worse case, depression.
If the government tries to bring in real estate under GST now, it will be a typical case of biting more than what one can chew, says Sukumar Mukhopadhyay.
The crime branch of Mumbai Police, which is probing the case, had sought the proclamation, saying that the Indian Police Service officer could not be traced even after the issuance of a non-bailable warrant against him.
According to the police, the doors of the markaz were opened at around 12.30 pm.
Initiating one of its biggest criminal actions in a money laundering case, the Enforcement Directorate on Wednesday attached assets worth Rs 863 crore of YSR Congress leader Jaganmohan Reddy and his associates in connection with its probe into alleged corruption in an infrastructure project in Andhra Pradesh.
The Enforcement Directorate on Friday froze fixed deposits worth more than Rs 34 crore of a media firm owned by jailed YSR Congress leader Jaganmohan Reddy in connection with the money laundering probe against him and others.
When we know that the ED's conviction ratio is less than 1% of the cases that it prosecutes, when we know that ED 'raids' are today more than 25 times as they were before 2014, why are we giving the ED more powers? asks Aakar Patel.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
'Laws have been used in a way to serve the needs of the current regime and its authoritarian ideology.'
The bill provides for severe punishment ranging from 1 year to 10 years and pecuniary fines ranging from Rs 2 lakh to Rs 50 crore to act as deterrent.
