Over Rs 9,500 crore can be recovered from Amrapali: Forensic auditors to Supreme Court
NEW DELHI: Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money. Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family […]
Over Rs 9,500 crore can be recovered from Amrapali: Forensic auditors to Supreme Court
NEW DELHI: Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money. Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family […]
Can’t give death penalty for corruption, says Supreme Court on misconduct of builders
NEW DELHI:“We cannot give capital punishment for corruption,” a peeved Supreme Court said Wednesday while referring to the “misconduct” of realtors in cheating lakhs of people across the country. The top court said builders, in connivance with authorities and banks, have flouted norms and constructed sky scrappers side by side across India. It pulled up […]
Supreme Court directs Centre to file response by May 4 to petitions seeking review of Rafale verdict
NEW DELHI: The Supreme Court directed the Centre on Tuesday to file response by May 4 to the petitions seeking review of last December’s verdict by which the apex court had dismissed the pleas challenging India’s deal to procure 36 Rafale fighter jets from France. A bench headed by Chief Justice Ranjan Gogoi did not […]
Non-disclosure of info by RBI under RTI will be viewed seriously, says Supreme Court
NEW DELHI: The Supreme Court of India has granted RBI “last opportunity” to withdraw its policy exempting the central bank from disclosing information, like annual inspection report on lenders, under the transparency law and cautioned that future violations would be “viewed seriously”. The top court made clear that RBI was “duty bound to furnish all […]
Rafale Deal: Supreme Court allows use of leaked documents, dismisses Centre’s objections
NEW DELHI: In a setback to the Centre, the Supreme Court of India on Wednesday allowed leaked documents to be relied upon by petitioners seeking review of its Rafale judgement and dismissed the government’s preliminary objections claiming “privilege” over them. The Centre had submitted that privilege documents were procured by petitioners in an illegal way […]
RCom pays 458.77 crore to Ericsson; Anil Ambani wards off possible jail term
NEW DELHI: A day before the expiry of Supreme Court set deadline, Reliance Communications (RCom) Monday paid Rs 458.77 crore to Swedish telecom equipment maker Ericsson, clearing outstanding dues and fending-off a possible jail term for its billionaire Chairman Anil Ambani. Sources close to RCom said the payment was made to Ericsson Monday evening, a […]
Rafale documents are stolen from Defence Ministry: Attorney General to Supreme Court
NEW DELHI: The government of India on Wednesday told the Supreme Court that documents related to the Rafale fighter jet deal have been stolen from the Defence Ministry and threatened The Hindu newspaper with the Official Secretsa Act for publishing articles based on them. Those who put documents on the Rafale deal in the public […]
Pay Ericsson Rs 453 crore or face jail: Supreme Court to Anil Ambani
NEW DELHI: Observing there was a ‘wilful default’, the Supreme Court on Wednesday held Anil Ambani, chairman of Reliance Communication(RCom), guilty of contempt of court and ordered the debt-laden company to clear the Rs 453 crore dues to Swedish telecom equipment maker Ericsson within four weeks or face a 3-month jail term. In a verdict […]
Supreme Court gives Amrapali CMD last chance to return homebuyers’ money
NEW DELHI: The Supreme Court on Thursday grilled Amrapali Group CMD Anil Kumar Sharma for Rs 94 crore of homebuyers’ money being shown in his bank account and also warned that it would send him to jail for his “reluctance” in disclosing the identity of a person, who had bought company’s shares worth Rs 140 […]
Amrapali 5-star hotel unsold in auction, Supreme Court suspects cartelisation
NEW DELHI: Taking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday said that prima facie it looks like “cartelisation is at work” and sought to know whether “banks are part of cartels”. The top court said that it is “shocking […]
Mayawati has to deposit money used for erecting her statues, BSP symbol: Supreme Court
NEW DELHI: The Supreme Court of India on Friday said it was of the tentative view that BSP chief Mayawati has to deposit public money used for erecting statues of herself and elephants, the party’s symbol, at parks in Lucknow and Noida to the state exchequer. According to report, then Chief Minister Mayawati spent around Rs […]
Supreme Court asks Kolkata police chief to cooperate with CBI, orders no arrest or coercive action
NEW DELHI: The Supreme Court of India on Tuesday directed Kolkata Police Commissioner Rajeev Kumar to make himself available before the CBI and “faithfully” cooperate with the agency in investigation of cases arising out of the Saradha chit fund scam probe. The apex court said Kumar will appear before the Central Bureau of Investigation (CBI) […]
Supreme Court order is our moral victory: Mamata Banerjee
NEW DELHI: The Supreme Court’s direction that no coercive steps, including arrest of Kolkata Police chief Rajeev Kumar, will take place during the course of investigation is “our moral victory”, West Bengal Chief Minister Mamata Banerjee said on Tuesday. The Supreme Court Tuesday directed Kumar to make himself available before the CBI and “faithfully” cooperate […]
Supreme Court bans transportation of extracted coal lying at various sites in Meghalaya
NEW DELHI: The Supreme Court of India on Tuesday banned the transportation of extracted coal lying at various sites in Meghalaya which has had no success in rescuing 15 miners trapped inside an illegal rat-hole coal mine for almost a month. The order was passed by a bench comprising justices A K Sikri and S […]
Supreme Court nod to construction of ongoing projects under Chardham development plan
NEW DELHI: The Supreme Court of India on Friday lifted its stay on certain stalled projects under the government’s ambitious Chardham development plan, which proposes to provide all-weather connectivity to the four holy towns of Uttarakhand. The court said the stay will however continue on those projects which are yet to begin under the plan […]