logo
Part payment of dues no shield from criminal prosecution: HC

Part payment of dues no shield from criminal prosecution: HC

Time of India9 hours ago
Ahmedabad: The Gujarat high court refused to quash an FIR for power theft against the promoters of Chiripal Industries and trustees of Shanti Asiatic School in Surat, stating that payment of dues does not exempt individuals from criminal prosecution in electricity theft cases.
According to the case details, Milestone Education Trust runs the Shanti Asiatic School in Surat, where a raid by the Dakshin Gujarat Vij Co Ltd (DGVCL) reportedly revealed power theft in Dec 2012. The power company issued a bill and later revised it to Rs 76.72 lakh for usage and Rs 10.88 lakh for compounding charges. It also filed an FIR under the Electricity Act against trustees Vedprakash Chiripal, Jyotiprasad Chiripal, and Deshbhushan Singhal.
The trust filed a civil suit, and the court ordered the restoration of electricity supply upon the trust depositing Rs 80 lakh. The HC reduced the deposit amount to Rs 60 lakh so that the academic activities continued unhindered.
You Can Also Check:
Ahmedabad AQI
|
Weather in Ahmedabad
|
Bank Holidays in Ahmedabad
|
Public Holidays in Ahmedabad
In 2017, the trustees approached the high court challenging the FIR on the grounds that the invocation of criminal proceedings was an abuse of process because the dispute was of a civil nature, and they expressed willingness to pay the amount levied by DGVCL.
However, the power company declined to accept the compounding amount.
After hearing the case, Justice J C Doshi rejected the petition for quashing of criminal charges and stated, "A consumer cannot assert that payment of a substantial portion of the assessed amount under a supplementary bill extinguishes or absolves him of the criminal consequences under the Act, as both liabilities operate in different and independent spheres."
The HC further stated, "If the petitioner–consumer intends to compound the offence, he is obligated to comply with the specific compounding demand as determined and communicated by the electricity company. Merely offering to deposit a part-payment of the amount or relying on deposits made pursuant to civil proceedings does not entitle the accused to automatic compounding of the criminal case."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Swiggy shares rebound 28% from 52-week low ahead of Q1 earnings. What analysts say?
Swiggy shares rebound 28% from 52-week low ahead of Q1 earnings. What analysts say?

Economic Times

time9 minutes ago

  • Economic Times

Swiggy shares rebound 28% from 52-week low ahead of Q1 earnings. What analysts say?

Swiggy shares have staged a sharp rebound ahead of the Q1FY26 earnings season, rallying 27.9% from their all-time low of Rs 297 recorded on May 13 on the NSE. The stock has gained investor traction in recent weeks. ADVERTISEMENT This may be fueled by expectations of strong revenue growth in its core food delivery business and improved performance in its quick commerce vertical, Instamart. Domestic brokerage firm Kotak Institutional Equities has downgraded the stock to an 'ADD' rating and raised its sum-of-the-parts-based fair value estimate to Rs 420 from Rs 415 earlier. However, it also noted that the stock is up by 25% from its May bottom and flagged this as a reason for its rating downgrade. 'The recent stock price increase results in a downgrade in rating to ADD,' the brokerage Q1FY26, Kotak expects Swiggy to report a 19% year-on-year growth in food delivery gross merchandise value (GMV), outpacing Zomato's estimated 18% GMV growth for the same period. Swiggy's food delivery GMV is projected at Rs 81 billion, supported by a stable take-rate and steady demand trends. However, it expects a sequential contribution margin (CM) decline of 30 basis points to 7.5%, driven by increased restaurant commissions, higher platform fees, and elevated delivery costs due to the onset of the monsoon. ADVERTISEMENT While food delivery remains stable, Instamart's performance continues to weigh on profitability. Kotak estimates Instamart's GMV to rise 113% year-on-year, with revenue growth of 129% year-on-year. Also read: Jane Street shows dangers of finance as shampoo ADVERTISEMENT Despite this surge, Instamart is expected to report a contribution margin of -3.4% and an adjusted EBITDA loss of Rs 8.5 billion for the quarter, broadly in line with the Rs 8.4 billion loss recorded in brokerage noted, 'We expect Instamart to show meaningful improvement in EBITDA only in FY2027,' adding that FY2026 will likely be a year of 'depressed profitability for Instamart on account of steep store additions and high competitive intensity.' ADVERTISEMENT Another brokerage firm, ICICI Securities, has also highlighted similar trends, projecting food delivery GMV growth of 18.5% year-on-year and 9.8% quarter-on-quarter for Q1FY26, with an adjusted EBITDA of Rs 2.2 billion and EBITDA margin of 2.7% of Instamart, it expects GMV to increase 110.1% year-on-year and 22.6% sequentially, but pegs adjusted EBITDA loss at Rs 9.1 billion with a negative margin of 15.8%.Overall, the brokerage expects adjusted revenue to grow 8% quarter-on-quarter and 46.6% year-on-year, with adjusted EBITDA loss widening to Rs 7.9 billion from Rs 7.3 billion in Q4FY25 and Rs 3.5 billion in Q1FY25. ADVERTISEMENT ICICI Securities also noted that 'Swiggy should marginally gain share in food delivery business,' and observed that e-commerce volume growth is accelerating from the company's lows of FY24/25.'We remain bullish on Swiggy,' added ICICI the technical front, Ajit Mishra, SVP of Research at Religare Broking, noted, 'Swiggy has been witnessing a rebound after spending nearly six months in a corrective phase.'He added that following a breakout in June, the stock faced resistance near the Rs 395 level and is currently trading close to its neckline support. Also read: Vedanta shares down 2% in 1 year but giving 7% dividend. Is it enough to buy the stock? 'It is crucial for the stock to hold the Rs 350–370 zone to maintain a positive bias, while the Rs 410–440 zone is expected to act as resistance. Participants should align their positions accordingly,' Mishra said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

Farmers to benefit from free horticultural plantations
Farmers to benefit from free horticultural plantations

Hans India

time10 minutes ago

  • Hans India

Farmers to benefit from free horticultural plantations

Vijayawada: NTR district collector Dr G Lakshmisha on Tuesday urged farmers in the district to leverage the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for free fruit orchard cultivation, highlighting the potential for two to three times higher income from horticultural crops. He encouraged farmers to make the most of these government initiatives. A mega grounding mela for horticultural crop cultivation was held on Tuesday at Gosaveedu of Gampalagudem mandal, organised by the Mahatma Gandhi National Rural Employment Guarantee Scheme – District Water Management Agency (DWMA). Collector Lakshmisha launched the programme by planting mango saplings on 1.15 acres of land belonging to Immadi Nagamani. Addressing the gathering, Collector Lakshmisha stated that a Maha Yagnam for poverty eradication is underway in the state. He instructed field-level officials and staff, including MPDOs, MGNREGS APOs, Gram Sachivalayam Horticultural Assistants, Agriculture Assistants, and Field Assistants, to play a crucial role in encouraging farmers towards horticultural crop cultivation. He explained that under MGNREGS, farmers receive free saplings and financial assistance for maintenance. Collector Lakshmisha elaborated on the eligibility for small and marginal farmers (owning less than five acres) to cultivate a variety of horticultural crops, including mango, guava, lemon, sapota, pomegranate, dragon fruit, coconut, oil palm, apple bear, drumstick, jasmine, and rose. He provided examples of the financial assistance available: for mango cultivation, farmers can receive approximately Rs 1,09,950 per acre in various forms; for guava, around Rs 1,46,971 per acre; and for cultivating 1,600 jasmine plants per acre, nearly Rs 1,85,396 in aid. Pomegranate cultivation offers support of Rs 2,16,417 per acre, while dragon fruit receives Rs 2,00,714 for half-an -acre. Tiruvuru RDO K Madhuri, DWMA PD A Ramu, Assistant PD Parthasarathi, DWMA District Plantation Manager K Usha, and other officials participated.

Maharashtra govt tables bill to amend slum act, enable SRA to recover dues
Maharashtra govt tables bill to amend slum act, enable SRA to recover dues

Business Standard

time10 minutes ago

  • Business Standard

Maharashtra govt tables bill to amend slum act, enable SRA to recover dues

The Maharashtra government on Tuesday tabled a bill in the state assembly that proposes to amend the law concerning slum redevelopment, allowing the Slum Rehabilitation Authority (SRA) to recover pending transit rent dues from builders or developers. The bill seeks to amend the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act, 1971. It also seeks to treat unpaid rent to slum dwellers as arrears of land revenue, thereby empowering the SRA to initiate recovery proceedings under the Maharashtra Land Revenue Code (MLRC). "The SRA hopes that the amendments will help fast-track its projects and also ensure slum dwellers are not left in the lurch without their rightful rent," an official said. As per the proposed amendment, if a defaulting builder lacks sufficient company assets to clear the dues, the liability can extend to the personal property of its directors or partners. Currently, the SRA can issue stop-work notices or deny new permissions to defaulter developer. Officials, however, say that even as the stop work notice is issued, slum dwellers are left in lurch with no rent and the lack of stronger punitive measures lead to widespread non-payment of rent, which is why amendment is necessary. The bill also seeks to reduce the window for dissenting slum dwellers to join the SRA schemes - from 120 days to 60 days - once a majority (over 50 per cent) has consented to a redevelopment plan. After the 60-day period, those who do not join the scheme risk losing their claim to on-site rehabilitation and may only be considered for relocation elsewhere, subject to availability. Another provision allows land under slum redevelopment to be handed over to government agencies like MMRDA, MHADA, MSRDC and CIDCO within 30 days of issuance of a letter of intent, enabling faster execution of public sector-led projects.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store