How NCLT became tribunal of hope reviving assets worth billions despite resource crunch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
2 hours ago
- NDTV
Supreme Court Junks HDFC Bank CEO's Plea Challenging Case By Lilavati Trust
New Delhi: The Supreme Court on Friday refused to entertain the plea of HDFC Bank CEO and MD Sashidhar Jagdishan seeking quashing of FIR lodged against him for cheating and fraud by Lilavati Kirtilal Mehta Medical Trust, as it noted that the Bombay High Court is scheduled to hear his plea on July 14. A bench of Justices PS Narasimha and R Mahadevan said that it hopes and trusts that the matter will be taken up on July 14 for hearing. It further observed that it was improper on the part of the Supreme Court to intervene when Jagdishan's petition was listed before the Bombay High Court on July 14. Senior advocate Mukul Rohatgi, for Jagdishan, pressed for interim protection at least until July 14, saying the FIR was frivolous and that the bank had been roped into a private dispute between the trustees. "We sympathise, the case was initially listed for hearing on June 18, June 20... We hope and trust that the matter will be taken up on July 14," said the bench. HDFC Bank CEO and MD Sashidhar Jagdishan on Thursday approached the highest court against the FIR lodged against him According to the complaint filed by the Trust, which owns and manages the famous Lilavati Hospital in Mumbai, Jagdishan allegedly accepted a bribe of Rs 2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group retain illegal and undue control over the Trust's governance. It further accused Jagdishan of misusing his position as the head of a leading private bank to interfere in the internal affairs of a charitable organisation. Based on an application moved by the Trust, the FIR against Jagdishan was registered at the Bandra police station following an order by a Bandra Magistrate Court under Section 175(3) of the Bharatiya Nagarik Suraksha Sanhita (BNSS). Jagdishan was booked under charges of cheating, criminal breach of trust, and criminal breach of trust by a public servant.
NDTV
2 hours ago
- NDTV
Rs 65-Lakh Land Rover Sold For Rs 8 Lakh Because Of Delhi Vehicle Policy
New Delhi: The Delhi government's plan to lift the fuel ban on end-of-life vehicles and make efforts to resolve issues related to the restrictions on their movement has come too late for one man, who had to sell two expensive vehicles at throwaway prices because of the policy. In 2014, the National Green Tribunal ruled that diesel vehicles over 10 years old and petrol vehicles over 15 years old will not be allowed to be used in Delhi and the National Capital Region. This was later upheld by the Supreme Court. This policy forced Nitin Goyal to sell his 2013 Jaguar Land Rover, which he bought for Rs 65 lakh, to a person from Himachal Pradesh for just Rs 8 lakh. He also sold his 10-year-old Mercedes C Class 220 CDI Sports Limited Edition, for which he had paid Rs 40 lakh, for just Rs 4 lakh. Goyal asked that if BS-IV vehicles were being allowed to be sold till 2020, how were vehicles that followed the same norms, but manufactured in 2013, suddenly unfit for use? He has now bought a Jaguar F-Pace. Delhi Government's Letter The Delhi government on Thursday urged the Commission for Air Quality Management (CAQM), which is responsible for taking anti-pollution measures for the Capital and NCR, to suspend the fuel ban on end-of-life vehicles just two days after it was implemented. Pumps in Delhi had been instructed not to give fuel to diesel vehicles older than 10 years and petrol vehicles older than 15 years. Following outrage, Delhi Environment Minister Manjinder Singh Sirsa said the fuel ban was not feasible and technological challenges were coming in the way of implementing it. Mr Sirsa said people were unhappy because of the ban and the BJP government would stand by them. "Because of several critical operational and infrastructural challenges, it will not be feasible to implement this order at this juncture. In fact, immediate implementation may be premature and potentially counterproductive," Mr Sirsa said in a letter to the CAQM. The government also said it will make all efforts to resolve issues related to the restrictions on the movement of end-of-life vehicles in Delhi. How To Get Back Impounded Vehicles More than a dozen four-wheelers and over 60 two-wheelers were also seized after July 1, when the fuel ban came into effect. To recover the impounded vehicles, three conditions will need to be met: An affidavit will have to be given that the vehicle will be taken out of Delhi to another state. A challan of Rs 10,000 will have to be paid. The expenses incurred by the Transport Department in seizing the vehicle will also have to be reimbursed by the vehicle's owner.
India Gazette
2 hours ago
- India Gazette
SC refuses to entertain plea of HDFC Bank CEO against FIR by Lilavati Trust
New Delhi [India], July 4 (ANI): The Supreme Court on Friday refused to entertain the plea of HDFC Bank CEO and MD Sashidhar Jagdishan seeking quashing of FIR lodged against him for cheating and fraud by Lilavati Kirtilal Mehta Medical Trust, as it noted that the Bombay High Court is scheduled to hear his plea on July 14. A bench of Justices PS Narasimha and R Mahadevan said that it hopes and trusts that the matter will be taken up on July 14 for hearing. It further observed that it was improper on the part of the Supreme Court to intervene when Jagdishan's petition was listed before the Bombay High Court on July 14. Senior advocate Mukul Rohatgi, for Jagdishan, pressed for interim protection at least until July 14, saying the FIR was frivolous and that the bank had been roped into a private dispute between the trustees. 'We sympathise, the case was initially listed for hearing on June 18, June 20... We hope and trust that the matter will be taken up on July 14,' said the bench. HDFC Bank CEO and MD Sashidhar Jagdishan on Thursday approached the apex court against the FIR lodged against him According to the complaint filed by the Trust, which owns and manages the famous Lilavati Hospital in Mumbai, Jagdishan allegedly accepted a bribe of Rs 2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group retain illegal and undue control over the Trust's governance. It further accused Jagdishan of misusing his position as the head of a leading private bank to interfere in the internal affairs of a charitable organisation. Based on an application moved by the Trust, the FIR against Jagdishan was registered at the Bandra police station following an order by a Bandra Magistrate Court under Section 175(3) of the Bharatiya Nagarik Suraksha Sanhita (BNSS). Jagdishan was booked under charges of cheating, criminal breach of trust, and criminal breach of trust by a public servant. (ANI)
